As soon as the proposal for preventive composition agreement is filed, it shall be forwarded to
the President of the of the competent court who shall order the suspension of individual lawsuits
and appoint an expert to prepare a report on the economic and financial situation of the company,
the prospects for recovery considering the time limits and remissions granted or likely to be
granted by the creditors and any other measures contained in the preventive composition
proposals.
The expert so appointed shall be subject to the provisions of Articles 41 and 42 of this Uniform
Act.
The expert shall within a period not exceeding eight days following the decision to suspend
individual lawsuits be informed of his mission by registered letter or by any means in writing
wherein reception can be acknowledged, by the President of the competent court or by the debtor.
Official translation
Spot-checked
In force from 10 April 1998
Source page 10