Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 1

SECTION 33-1

Today
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. How Lex Cameroon marks its texts →

Opening of reorganization and assets liquidation Preventive procedures

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ARTICLE 33-1

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Section 33-1 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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