In the case of conversion of a reorganization into an assets liquidation proceedings, individuals who, in the judicial composition, had consented to a new cash contribution for the debtor to ensure the continuation of the business activity of the debtor company and its sustainability shall be paid in respect to the privilege according to ranks provided for in articles 166 and 167.
Individuals who provide a new goods or services to ensure the continuation of the business activity of the debtor company and its sustainability shall benefit from the same privilege for the price of such good or service.
P. 43 of 139 This provision does not apply to contributions made for an increase of the share capital of the debtor.
The creditors of the debtor may not benefit from this privilege for claims incurred prior to the opening of the reorganization.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 42
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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