The agreements stipulated in the foregoing Article shall, in addition, be declared null and void by the Criminal Court of the State concerned.
Where a suit for civil liability is filed for the annulment of the said agreements, it shall be brought before the competent court which initiated the bankruptcy proceedings.
P. 124 of 139 The creditor shall be required to return, to the rightful owner, the sums of money or stocks received by virtue of the annulled agreements.
The annulment of a special benefit shall not entail the annulment of the conciliation, arrangement or judicial composition agreement properly entered into in accordance with this Uniform act, subject to the provisions of Article 140 above.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 123
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 245 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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