1. After the issuance of the decision to initiate the proceedings, the debtor or the trustee may not undertake any of the following actions without obtaining the permission from the Bankruptcy Court: a. Distribution of profits to shareholders and partners. b. Board members' and managers' disposition of their shares in the debtor company. 2. No amendment may be made to the company's articles of association without obtaining the approval of the Unit, where the debtor is supervised by the regulatory authority, for amendments made during preventive settlement proceedings or the trustee for amendments made during or bankruptcy proceedings. 3. If the debtor is supervised by the regulatory body, the trustee or the Unit may disapprove the amendment within ten (10) days from the date of notification, if the amendment would affect the rights of creditors. The debtor has the right to object before the Bankruptcy Court to the decision of the Unit or the trustee within (10) ten days from the date of its notification. 4. The Bankruptcy Court shall issue its decision within (10) ten days from the date of submitting the objection.
Interpretation and application must be checked against the official text and current version.
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