Translation of "Vente réversible " (French → English) :

Article 1(1) of Council Regulation (EC) No 44/2001 of 22 December 2000 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters must be interpreted as meaning that the concept of ‘civil and commercial matters’ includes an action for recovery of an amount unduly paid in the case where a public body is required, by an authority established by a law providing compensation in respect of acts of persecution carried out by a totalitarian regime, to pay to a victim, by way of compensation, part of the proceeds of the sale of land, has, as the result of an unintentional error, paid to that person the entire sale price, and sub ...[+++]sequently brings legal proceedings seeking to recover the amount unduly paid.

The sale of Citadele Bank has started and the orderly resolution of Parex Bank continues, with a view to maximising returns to the State.

Where a Member State applies Articles 59 or 63, it may, on the basis of objective criteria and in such a way as to ensure equal treatment between farmers and to avoid market and competition distortions, provide that, in cases of sale or grant or expiry of all or part of a lease of a holding or of premium rights, some or all of the payment entitlements or of the increase in the value of payment entitlements that would be allocated to the farmer in question shall revert to the national reserve where the allocation or increase would lead to a windfall profit for the farmer in question.

Where a Member State applies Articles 59 or 63, it may, on the basis of objective criteria and in such a way as to ensure equal treatment between farmers and to avoid market and competition distortions, provide that, in cases of sale or grant or expiry of all or part of a lease of a holding or of premium rights, some or all of the payment entitlements or of the increase in the value of payment entitlements that would be allocated to the farmer in question shall revert to the national reserve where the allocation or increase would lead to a windfall profit for the farmer in question.

Mr. Alan Winberg: The way I understand it is, has a provision been made with regard to the sale of surplus housing? Does that money flow back to National Defence for use in housing programs.

A receiver or a trustee in bankruptcy may already have assigned his or her rights or have sold the inventory, thereby short-circuiting a possible statutory reversion of rights, depriving the author of possible revenues from sales by the trustee and interfering with the author's future opportunities for re-publication.