Whatever the nature of the collective proceedings decided upon, the decision to open proceedings
shall, with respect to the body of creditors, stop the accruing of legal and contractual interest
and all interest on overdue payments of claims irrespective of whether or not they are secured.
However, concerning interest resulting from loan agreements concluded for a duration equal to
or more than one year or loan agreements with a deferred payment of one year or more, such
interest shall continue to accrue where the decision opening collective proceedings orders
receivership proceedings.
Official translation
Spot-checked
In force from 10 April 1998
Source page 30