3.
A Member State may apply paragraph 20(b) to any transfers where the transferor is in a situation of serious economic crisis, as defined by national law, provided that the situation is declared by a competent public authority and open to judicial supervision, on condition that such provisions already existed in national law on 17 July 1998.
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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as consolidated on 2015-10-09; changes after this date are not shown.