In reorganization, the debtor or the top executives of the legal entity shall participate in the continuation of operations, unless otherwise decided by the competent court that shall rule on the trustee’s request, by a specially reasoned decision and after the public prosecutor has weighed in.
Where they must be involved in the continuation of the operations, the receiver shall set the terms of their compensation.
In assets liquidation, the debtor or the top executives of a legal entity shall be consulted only for the purpose of assisting in the management with the authorization of the competent court and under the conditions prescribed by such court.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 75
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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