Financial Restructuring and Bankruptcy Law

Article 85 — Article (85) Debtor's Acts Following Issuance of Preventive Settlement Proposal Endorsement Decision

Part One: Preventive Settlement · Chapter Three: Termination of Preventive Settlement Proceedings Prior to Full Implementation

The actions issued by the debtor after the issuance of the decision to ratify the preventive settlement proposal shall be effective vis-à-vis the creditors. They may not request its invalidity except in accordance with the rules established regarding a claim for invalidity of actions. Furthermore, this case shall not be heard after (2) two years have passed from the date of termination of the proceedings. In all cases, it is not permissible to challenge any action taken by the debtor in implementation of the ratified preventive settlement proposal.

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