The creditor who, after the opening of reorganization or assets liquidation proceedings by the competent court of a State party, obtain, by any means, the complete or partial payment of his debt out of the debtor’s assets located on the territory of another State party, shall return to the trustee whatever he has obtained, without prejudice to retention of title clauses and actions for recovery.
Whoever, on the territory of a State party, performs an act in favor of a debtor who is subject to bankruptcy proceedings open in another State party while he ought to have done so in favor of the trustee of the said bankruptcy proceedings, shall be discharged where he executed the said commitment before the publication formalities provided for in Article 248 of this Uniform act, except where it is proved that he otherwise had knowledge of the proceedings.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 125
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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