Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 7 › Chapter 2 › Section 5

SECTION 256-31

Today
Without prejudice to the rights of holders of claims guaranteed with securities or actual charges, a creditor having been partially paid in a bankruptcy proceedingsopen pursuant to a law related to insolvency or bankruptcy proceedings in a foreign State, may not be paid for the same claim in a bankruptcy proceedings regarding the same debtor open pursuant to this Uniform act insofar as P. 139 of 139 long as the payment granted to the other creditors of the same rank is proportionately lower than what was already paid to that creditor by a foreign jurisdiction.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 138

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 →

Concurrent collective proceedings International bankruptcy proceedings Recognition of bankruptcy proceedings open outside ohada space

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ARTICLE 256-31

Contents

Section 256-31 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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