Financial Restructuring and Bankruptcy Law

Article 195 — Article (195) Meeting for Discussing the Terms of Composition

Part Three: Declaration of Bankruptcy · Chapter Eleven: Execution and Effects of Composition

1. The trustee shall, within ten (10) days from the date of his notification, call the creditors to meet to discuss the terms of the composition. If the application is submitted by the debtor and the trustee has not previously expressed his observations on the terms of the composition or provided the debtor with the report referred to in Article (193.1) of this Law, he shall attach the report to the notice for the meeting and his observations on the terms of the composition. 2. The provisions of Article (172) of this Law shall apply to the call for the meeting and voting therein.

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