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No Veto PIA

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Would being declared bankrupt in the UK within the past 5 years preclude an application for a "No Veto PIA" in Ireland.
Have been advised by ISI that Personal Insolvency Act 2012, 91 (1V) specifies an exclusion on those declared bankrupt in the past 5 years.
Can Irish legislation be applied to, or take account of, proceedings undertaken outside the Irish State jurisdiction? Would appreciate any clarification.

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