Financial Restructuring and Bankruptcy Law

Article 251 — Article (251) Provisions Applicable to Preventive Settlement, or Bankruptcy Proceedings During Emergency Financial Crisis

Part Five: Proceedings for Preventive Settlement, or Bankruptcy Declaration During Emergency Financial Crisis

As an exception to the provisions of this Law, the provisions of this Chapter and the decisions issued in implementation of its provisions shall apply to proceedings for preventive settlement, or bankruptcy declaration during an emergency financial crisis, provided that the provisions of this Law shall apply to the matters not specifically provided for in this Chapter, and in a manner that does not conflict with its provisions.

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