Financial Restructuring and Bankruptcy Law

Article 71 — Article (71) Explanation of and Voting on Preventive Settlement Proposal

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

1. The debtor shall provide a sufficient explanation for the settlement proposal items during the meetings held for the discussion of the proposal and any amendments thereto. Any of the creditors, Creditors' Committee, representative thereof or the Unit if the debtor is supervised by the regulatory authority may attend the meetings and express opinions in connection with the preventive settlement or amendments thereto. 2. The debtor shall call the creditors to discuss the amendments recommended at other meetings for the purpose of considering the amendments and voting thereon.

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