1. It is not permissible to set off debts payable after the decision to initiate the proceedings, unless the same is based on the implementation of the preventive settlement proposal or the plan or based on a Bankruptcy Court's decision issued within (10) ten days from the date of submitting a motion thereto by the trustee or creditor. 2. The net set-off agreement shall be considered final and effective in accordance with its terms and conditions and may not be suspended or interrupted. 3. The provisions of Federal Decree Law No. (10) of 2018 regarding set-off on a net basis shall apply to matters not specifically provided for in this Law.
Interpretation and application must be checked against the official text and current version.