Financial Restructuring and Bankruptcy Law

Article 162 — Article (162) Announcement of Bankruptcy Judgment

Part Three: Declaration of Bankruptcy · Chapter Six: Announcement of Bankruptcy Judgment and its Effects

1. Bankruptcy shall only be established under a judgment declaring bankruptcy. 2. The Bankruptcy Department shall, within ten (10) days following the date of issuance of the bankruptcy judgment, announce and record the operative part of judgment in the Bankruptcy Register and the Commercial Register, and the debtor may be instructed to disclose the same at its business headquarters and on its website, if any.

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