Financial Restructuring and Bankruptcy Law

Article 143 — Article (143) Continuation of Lease

Part Three: Declaration of Bankruptcy · Chapter Four: Contracts

1. The Trustee decides to continue the lease, and he shall pay the overdue rent, without prejudice to the lessor's right to request termination of the lease agreement due to abstention or delay in respect of paying the rent. The lessor may request the Bankruptcy Court to terminate the lease, unless the Trustee provides sufficient security to pay the rent on the due dates. 2. The Trustee may, after obtaining permission from the Bankruptcy Court, sublease the property or assign the lease, unless the debtor is prohibited from doing so by virtue of the lease agreement or under the legislation regulating the lease relationship applicable to the leased property.

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