Financial Restructuring and Bankruptcy Law

Article 154 — Article (154) Involvement of Creditor Whose Debt Is Contingent upon Resolutory Condition

Part Three: Declaration of Bankruptcy · Chapter Four: Contracts

The creditor, whose debt is contingent upon a resolutory condition, shall only be involved in the proceedings where it provides a Surety or sufficient security. For the creditor whose debt is contingent upon a suspensive condition, its share in the distributions shall be set aside until the position of its debt becomes clear.

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