Subject to the provisions of paragraph 2 of this Article, creditors domiciled in a foreign State, with respect to the opening of bankruptcy proceedings and their participation in such procedure pursuant to this Uniform act shall have the same rights as creditors residing in any State party.
The first paragraph of this Article shall not affect the priority rank of claims referred to in articles
166 and 167 above in a bankruptcy proceedings opened pursuant to this Uniform act, nor the
exclusion of such procedure on foreign tax and company receivables.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 129
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 256-12 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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