All or part of the personal and realassets comprising, possibly, operation units, may be subject to an overall assignment.
For that purpose, the trustee shall launch takeover bids and their timeframe. Any interested party may submit a bid to the trustee, with the exception of the top executives of a legal entity under liquidation, their relatives or relations, up to the fourth degree including, of the debtor who is a natural person.
Every takeover bid shall be written and shall state, in particular:
1) the price and payment methods; where payment extensions are requested, they may not exceed twelve (12) months and shall be guaranteed by a joint security of a banking institution;
2) the date of the realization of the assignment; The bid shall be deposited at the registry of the competent court where any interested party may consult and communicate it to the trustee, the receiver and the public prosecutor.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 97
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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