The conciliation procedure shall be opened by the president of the competent court, acting behind closed doors, for a period not exceeding three (3) months but can be extended for one (1)
P. 19 of 139 additional month by a specifically reasoned decision at the request of the debtor, following a written notice of the conciliator. At the expiry of these time limits, the conciliation shall end automatically and a new conciliation procedure may be opened prior to the end of the three (3) months.
The decision to open the conciliation or to reject the opening petition shall not be subject to publicity.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 18
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 5-3 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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