Throughout its execution, the agreement shall stay or prohibitany court action and shall stop and prohibit any individual attempt to seize both personal and realassets of the debtor so as to obtain the payment of claims attached to them. The agreement shall stay, for the same duration, time limits allotted to creditors parties to the agreement, under pain of forfeiture or cancellation of related rights to claims mentioned in the agreement.
Individuals, who have given a personal security or transferred or assigned property as collateral as well as joint debtors may use the provisions of the agreement.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 22
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 5-12 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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