From the date of the decision of the recognition of a main foreign bankruptcy proceedings:
1) the opening of actions, execution procedures or individual judicial and extrajudicial proceedings with respect to assets, rights or obligations of the debtor are prohibited and the continuation of such actions, procedures and enforcement suspended;
2) judicial and extrajudicial enforcement procedures against the assets of the debtor are prohibited or suspended;
3) The right to transfer the assets of the debtor, constitute security interests thereon or otherwise dispose of them is suspended.
P. 134 of 139 The scope and the modification or termination of the prohibition and suspension measures referred to in the first paragraph of this Article shall be subordinate to any other provision of this Uniform act.
The provisions of no. 1 °) of the first paragraph of this Article shall not affect the right to initiate actions and procedures for individual judicial and extrajudicial executions, insofar as this is necessary to preserve a claim against the debtor.
The first paragraph of this Article shall not affect the right to request the opening of bankruptcy proceedings pursuant to this Uniform act or the right to lodge claims in such proceedings.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 133
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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