Financial Restructuring and Bankruptcy Law

Article 44 — Article (44) Trustee's Powers on Legal Proceedings Relating to Debtor's Assets and Business

Chapter Three: Appointment of the Trustee and Controller

In the cases referred to in Article (43) of this Law, the Trustee may, with permission from the Bankruptcy Court issued after hearing the debtor's statements or notification thereto, accept settlement or accept arbitration in any dispute in relation to the debtor's property or business, give up the debtor's right and admit the right of third parties.

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