Financial Restructuring and Bankruptcy Law

Article 136 — Article (136) Permission to Debtor to Continue to Practice its Business

Part Three: Declaration of Bankruptcy · Chapter Three: Management of the Debtor's Assets and Business

1. The Bankruptcy Court may, upon motion of the Trustee or the debtor, authorize the debtor to continue practicing its business if the public interest, the interest of the debtor or the interest of the creditors so requires. The court shall, upon the Trustee's request, appoint a person to manage the debtor's business and determine his fees. The debtor may be appointed for management, and the fees it receives shall be considered part of cost. The Trustee supervises whoever is appointed for management, and the Trustee shall submit a monthly report to the court on the progress of the debtor's commercial business. 2. The Bankruptcy Court shall request the opinion of the Unit, where the debtor is supervised by the regulatory authority, regarding the applications submitted based on Clause (1) of this Article.

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