[Note the Declaration by Portugal concerning the application of Articles 26 and 37 (0J C 183, 30.6.2000, p. 1).]
Any Member State may refuse to recognise insolvency proceedings opened in another Member State or to enforce a judgment handed down in the context of such proceedings where the effects of such recognition or enforcement would be manifestly contrary to that State's public policy, in particular its fundamental principles or the constitutional rights and liberties of the individual.