The trustee shall ensure that the lessee-manager respects his commitments. He may request the lessee-manager hands him all documents and information relevant to his mission. He shall report to the receiver on the lessee-manager performance of his duties at least every three (3) months, stating the amount of money received and deposited into the account of the reorganization proceedings, any deficiencies in items leased and measures addressing any difficulty in the execution of the contract.
The competent court may decide, at anytime, to terminate the leasing business contract, either ex officio, or at the request of the trustee or the public prosecutor, or at the request of a controller, based on the report of the receiver, where the lessee, by his own act, reduces the collateralsecurities he had given or compromises the value of the business or fails in his commitments.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 76
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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Section 116 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
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