Financial Restructuring and Bankruptcy Law

Article 245 — Article (245) Application for Initiation of Proceedings Applies to any User of the Company's Name and Acting on its Behalf

Part Four: Common Provisions · Chapter Two: Companies

The Bankruptcy Court may consider the application for the initiation of proceedings submitted regarding the company's debts as submitted regarding the debt of any person who used the name of this company and acted on its behalf in respect of commercial activities on his own account and disposed of the company's assets as if they were his own assets. The provisions of Article (244.2 and 244.3) of this Law shall apply to the situation described herein.

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