Where authorized by the receiver, the trustee may reach agreements and settle all disputes related to the entitlements of the union of creditors, even those related toreal estate entitlement and stocks.
Where the object of the settlement or the transaction is of an unspecified value or falls outside the jurisdiction of the competent court of last resort, the settlement or transaction shall, moreover, be confirmed by a decision of the competent court.
In any case, the court registrar shall, three (3) days before the decision of the receiver, summon the debtor by hand-delivered letter against a receipt or by registered mail with acknowledgement
of receipt or by any means in writing. The notice shall state the scope of the planned settlement
or the transaction, as well as the conditions and legal and economic reasons thereof.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 92
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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