Article 77 Right to refuse recognition or enforcement of third-country resolution proceedings

that the third-country resolution proceedings would have adverse effects on financial stability in the Member State in which the resolution authority is based or that the proceedings would have adverse effects on financial stability in another Member State;

that independent resolution action under Article 78 in relation to a Union branch of a third-country undertaking is necessary to achieve one or more of the resolution objectives;

that creditors would not receive the same treatment as third-country creditors with similar legal rights under the third-country home resolution proceedings;

that recognition or enforcement of the third-country resolution proceedings would have material fiscal implications for the Member State; or

that the effects of such recognition or enforcement would be contrary to the national law.