Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 6

SECTION 254

No secondary collective proceedings may be terminated by preventive composition agreement or by recovery composition agreement or by liquidation proceedings unless consent for such termination is given by the Bankruptcy Trustee of the principal collective proceedings. Such consent shall be given within the time limit of thirty days with effect from the date the request of the Bankruptcy Trustee of the secondary collective proceedings is made by registered mail or by any other means with written proof thereof. The Bankruptcy Trustee of the principal proceedings shall be deemed to have given his approval if he fails to give a response to the said request within the prescribed time limit of thirty days. The Bankruptcy Trustee of the principal collective proceedings may refuse to give his approval only where he finds that the solution proposed affects the financial interests of the creditors of the proceedings for which he is appointed. In case of a dispute, the court competent to order the closure of the secondary collective proceedings shall give a ruling as it would do in matters of preventive composition agreement or composition agreement or liquidation.
Official translation Spot-checked In force from 10 April 1998 Source page 74

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 254 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/undated/aupcap-1998
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