Conciliation is open to individuals referred to in article 1-1 above experiencing difficulties, which are proved or predictable, but who have not yet reached insolvency.
The conciliation overarching objective is to find an amicable agreement with major creditors and co-contractors of the debtor in order to relieve him of his difficulties.
Any person who has knowledge of the conciliation shall be bound by confidentiality.
P. 18 of 139
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 17
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 5-1 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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