Financial Restructuring and Bankruptcy Law

Article 73 — Article (73) Meeting Held for Voting on Preventive Settlement Proposal

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

1. A report shall be draw up on the outcomes of the meeting held for voting on the preventive settlement proposal. Such report shall be signed by the present debtor and creditor, who have the right to vote, as well as the representative of the Creditors' Committee. In the event that any of the debtors refused to sign, the name thereof and reason for refusal shall be recorded in the said report. 2. If the meeting is held via modern technology of communicating, the controller shall be present. In the event that the controller has not been appointed yet, the representative or the Creditors' Committee or the representative of the Unit, where the debtor is supervised by the regulatory authority, shall be present. 3. It is sufficient for the report to be signed only by the debtor and the controller, the debtor and representative of the Creditors' Committee or the debtor and the representative of the Unit, as the case may be. 4. The Executive Regulations of this Law shall specify the conditions and controls for such meetings.

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