SECTION 23

The decision of the competent court relating to the preventive settlement shall be provisionally enforceable and may be challenged only by way of appeal which shall be lodged within a period of fifteen days following the date of the decision. The provisions of Article 218 below relating to the computation of time limits shall apply to the preventive settlement. The court of appeal shall render its decision within a period of one month from the date on which the appeal was filed. Where the court of appeal confirms the preventive settlement decision, it shall equally confirm the preventive composition agreement. Where the court of appeal finds the debtor has suspended payments, it shall determine the date thereof and order the competent court to commence receivership or liquidation proceedings. The registrar of the court of appeal shall, within a period of three days of its decision, forward an extract of the decision to the registrar of the court of first instance who shall publish same in the manner provided for in article 17 above.