The decision of the competent court confirming the arrangement shall terminate the mandate of the expert and the preventive settlement procedure, subject to the formalities set forth in article 17 hereinafter. However, the competent court may appoint, ex officio or at the request of the debtor or a creditor, a trustee or controllers mandated to monitor the execution of the confirmed arrangement under the same conditions as those laid down for the confirmed composition of the reorganization. The competent court may appoint the expert in preventive settlement as a trustee.
It shall also appoint a receiver. The latter shall oversee the activities of the trustee or controllers responsible for monitoring the performance of the confirmed arrangement, where one has been appointed, and write reports for the competent court every three (03) months and anytime at the request of the court.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 32
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 16 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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