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<h1>Corporate insolvency initiation: financial creditors, operational creditors or the corporate debtor may commence resolution proceedings upon default.</h1> Upon the occurrence of a default by a corporate debtor, a financial creditor, an operational creditor, or the corporate debtor itself may initiate the corporate insolvency resolution process, with the right to commence proceedings tied to that event of default and exercised in the manner prescribed by the corporate insolvency framework.