As the statement provided for in article 25 above or, later on, within sixty (60) days following
the opening decision of reorganization, the debtor shall file a drat composition.
Such proposed shall demonstrate judicial reorganization prospects of the debtor company with
respect to business opportunities and activities, the market status and available financing
resources; it shall as well specify envisioned measures and conditions for its restructuring
namely:
-
requisites for enabling the financial and economic viability of the debtor company;
-
terms for continuing the company business activities such as the request for time
extensions and debt reduction, partial assignment of assets with a specific indication of
assets to be assigned; assignment or lease-management of a branch of activity forming
business assets; assignment or lease-management of part or the entire company, without
these terms being restrictive and exclusive on each other;
-
the full names, titles and addresses of individuals mandated to execute the composition
and all their undertakings for restructuring the company;
-
terms for maintaining and financing the company, settlement of claims contracted prior to
the decision to open the reorganization as well as, where applicable, collateralsecurities
provided to ensure execution; these undertakings and collateralsecurities may consist,
inter alia, of subscriptions for an increase of share capital by new or former partners,
debt-for-equity swaps, appropriations by banking or financial institutions or by any other
person, including any new cash or service contributions under the conditions set forth in
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 39