The proposed arrangement shall stipulate measures envisioned for the restructuring of the
company, including:
-
terms for continuing the company business such as the request for time extensions and
debt reduction, partial assignment of assets with a specific indication of assets to be
assigned; assignment or lease-management of a branch of activity forming business
assets; assignment or lease-management of part or the entire company, without these
terms being restrictive and exclusive on each other;
-
the full names, titles and addresses of individuals mandated to execute the arrangement
and all their undertakings for the restructuring of the company;
-
terms for maintaining and financing the company, settlement of claims contracted prior to
the decision to open a preventive settlement as well as, where applicable,
collateralsecurities
provided
to
ensure
execution;
these
undertakings
and
collateralsecurities may consist, inter alia, of subscriptions for an increase of share capital
by new or former partners, debt-for-equity swaps, appropriations by banking or financial
institutions or by any other person, including any new cash or service contributions under
the conditions set forth in article 11-1 hereinafter as well as the amount of the
contribution or the value of the goods or services; continuation of the execution of
contracts entered into prior to the petition, provision of securities;
-
level and job prospects, as well as layoffs for economic reasons which should be exerted
within the conditions set forth in the provisions of the Labor Law;
-
Replacement of top executives.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 25