Unless the president of the competent court grants a reasoned authorization, the decision to initiate the preventive settlement shall prohibit the debtor, on pain of becoming null and void:
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from paying, in whole or in part, claims incurred prior to the decision of opening;
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From undertaking something foreign to the normal operation of the company or to grant a security provision.
It shall also be prohibited to the debtor to pay off joint debtors and individuals who have granted a personal security or assigned or transferred property as collateral when they paid claims incurred prior to the opening decision.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 28
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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