Financial Restructuring and Bankruptcy Law

Article 58 — Article (58) Management of Debtor's Business and Assets

Part One: Preventive Settlement · Chapter Two: Effect of Issuance of Decision to Initiate Preventive Settlement Proceedings

1. After a decision to initiate the preventive settlement proceedings is made, the debtor shall continue to manage its business and assets as usual, and it may exercise all the activities required to conduct its business in a way that does not harm the interests of creditors, unless the Bankruptcy Court decides otherwise. 2. The debtor may not carry out any activities outside the scope of its normal business without obtaining the approval of the Bankruptcy Court.

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