Translation of "créancière venant par préférence " (French → English) :

whereas the EU is the world’s largest importer of agricultural goods from developing countries, importing more than the US, Japan, Canada, Australia and New Zealand combined; whereas around 71 % of the EU’s total agricultural imports originate from developing countries, as a result of the Everything but Arms (EBA) initiative for least developed countries (LDCs), the generalised system of preferences (GSP), and the Economic Partnership Agreements (EPAs),

(31) Whereas manufacturers should notify Member States of their intention to place radio equipment on the market using frequency bands whose use is not harmonised throughout the Community; whereas Member States therefore need to put in place procedures for such notification; whereas such procedures should be proportionate and should not constitute a conformity assessment procedure additional to those provided for in Annexes IV or V; whereas it is desirable that those notification procedures should be harmonised and preferably implemented by electronic means and one-stop-shopping;

In December 1998, the Council renewed the GSP scheme, including general and special incentive arrangements, for another period of three years until 31 December 2001 [5].

He said: Mr. Speaker, the purpose of this bill is to change the priority of payment of claims in case of employer bankruptcy, in order that the wages, salaries and pension plan contributions of employees, up to a limit of $9,000, be paid in priority to any other class of claims (1755) The Bankruptcy and Insolvency Act passed in 1992 maintains preferred status for wage and entertainment expense claims in the event an employer goes bankrupt.

A “fraudulent preference” is a transaction with a creditor of the debtor that occurs less than three months prior to the initial bankruptcy event, when the debtor is insolvent, with a view to giving that creditor a preference over other creditors of the debtor (section 95(1)).

Chapter 47 amends section 96 of the BIA to provide that the reference period for attacking the transaction is one year where the transaction has the effect of giving a creditor who is “not at arm’s length” with the debtor a preference over other creditors.