The debtor company shall commence proceedings before the competent court by a petition
outlining the economic and financial situation of the company, the prospects for its recovery
and clearing its debts.
The petition shall be addressed to the President of the competent court and filed in the registry
of the court against a receipt. It shall specifically state the claims for which the individual
lawsuits should be suspended.
No petition for a preventive settlement shall be filed by the debtor before the expiration of a
time limit of five years following a previous petition that resulted in a decision granting a
preventive settlement.
Official translation
Spot-checked
In force from 10 April 1998
Source page 9