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Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions (Banking Winding-Up Directive or also known as Credit Institutions Winding-Up Directive)RecitalsTitle I Scope and Definitions (arts. 1-2)Article 1 ScopeArticle 2 DefinitionsTitle II Reorganisation Measures (arts. 3-9)A. Credit institutions having their head offices within the Community (arts. 3-7)Article 3 Adoption of reorganisation measures - applicable lawArticle 4 Information for the competent authorities of the host Member StateArticle 5 Information for the supervisory authorities of the home Member StateArticle 6 PublicationArticle 7 Duty to inform known creditors and right to lodge claimsB. Credit institutions having their head offices outside the Community (art. 8)Article 8 Branches of third-country credit institutionsTitle III Winding-up Proceedings (arts. 9-19)A. Credit institutions having their head offices within the Community (arts. 9-18)Article 9 Opening of winding-up proceedings - Information to be communicated to other competent authoritiesArticle 10 Law applicableArticle 11 Consultation of competent authorities before voluntary winding-upArticle 12 Withdrawal of a credit institution's authorisationArticle 13 PublicationArticle 14 Provision of information to known creditorsArticle 15 Honouring of obligationsArticle 16 Right to lodge claimsArticle 17 LanguagesArticle 18 Regular provision of information to creditorsB. Credit institutions the head offices of which are outside the Community (art. 19)Article 19 Branches of third-country credit institutionsTitle IV Provisions Common to Reorganisation Measures and Winding-Up Proceedings (arts. 20-33)Article 20 Effects on certain contracts and rightsArticle 21 Third parties' rights in reArticle 22 Reservation of titleArticle 23 Set-offArticle 24 Lex rei sitaeArticle 25 Netting agreementsArticle 26 Repurchase agreementsArticle 27 Regulated marketsArticle 28 Proof of liquidators' appointmentArticle 29 Registration in a public registerArticle 30 Detrimental actsArticle 31 Protection of third partiesArticle 32 Lawsuits pendingArticle 33 Professional secrecyTitle V Final Provisions (arts. 34-36)Article 34 ImplementationArticle 35 Entry into forceArticle 36 AddresseesDone at
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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 2 July 2014 - onwards
Version 2 of 2

Article 25 Netting agreements

Without prejudice to Articles 68 and 71 of Directive 2014/59/EU, netting agreements shall be governed solely by the law of the contract which governs such agreements.

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