Financial Restructuring and Bankruptcy Law

Article 272 — Article (272) Effect of Criminal Action for Bankruptcy by Fraud or Default

Part Seven · Chapter One: Crimes, Penalties and Rehabilitation

If the criminal actions are filed for bankruptcy fraud or bankruptcy by default, or where a judgment is issued in accordance with the provisions of the foregoing Articles, the proceedings for preventive settlement,, bankruptcy declaration and composition shall remain independent of the criminal actions without being referred to the criminal court, unless this Law provides otherwise.

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