Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 7 › Chapter 2 › Section 2

SECTION 256-12

Today
Subject to the provisions of paragraph 2 of this Article, creditors domiciled in a foreign State, with respect to the opening of bankruptcy proceedings and their participation in such procedure pursuant to this Uniform act shall have the same rights as creditors residing in any State party. The first paragraph of this Article shall not affect the priority rank of claims referred to in articles 166 and 167 above in a bankruptcy proceedings opened pursuant to this Uniform act, nor the exclusion of such procedure on foreign tax and company receivables.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 129

The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision. How Lex Cameroon marks its texts →

Access of foreign Representatives and foreign creditors to the competent International bankruptcy proceedings Recognition of bankruptcy proceedings open outside ohada space

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ARTICLE 256-12

Contents

Section 256-12 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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