Financial Restructuring and Bankruptcy Law

Article 34 — Article (34) Precautionary Measures

Chapter Two: Initiation of Proceedings

1. The Bankruptcy Court may, sua sponte or upon a motion submitted thereto by the Unit, if the debtor is supervised by the regulatory authority, by the regulatory authority or by any relevant party, may decide to take any precautionary measures. 2. The Bankruptcy Court may, sua sponte or upon a motion submitted thereto by the debtor, issue its decision to discontinue claims. 3. The decisions of the Bankruptcy Court referred to in Clauses (1) and (2) of this Article shall be reasoned.

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