At the first public hearing, the competent court shall rule in favor of opening a reorganization or
assets liquidation proceedings after hearing or duly summoning the debtor, delegates or staff
representatives, the public prosecutor and, where appropriate, the creditor petitioner pursuant to
the law of the concerned State party.
The competent court shall hear any other person whose hearing he deems material.
Prior to delivering his judgment, the court may appoint a sitting judge or any other individual
deemed qualified to write a report on the debtor’s economic and social position within an allotted
timeframe, but which cannot exceed one (1) month.
When the debtor exercises a regulated liberal profession, the competent court shall make a
ruling, after duly summoning and hearing the representative of the professional order or the
competent regulator of the debtor.
The competent court petitioned shall not refer the matter to the docket.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 41