The receiver shall oversee the trustee’s mission during reorganization or assets liquidation
proceedings.
Trustees shall be liable for damage caused by their misconduct pursuant to the provisions of
articles 4-12 to 4-15 above.
Where several trustees have been appointed, they shall act collectively. However, the receiver
may, depending on the circumstances, empower one or several of them to act individually. In this
case, only trustees so empowered shall be liable for their own misconduct.
Where a grievance is filed against one of the trustees’ dealings, the receiver shall be informed
and shall act under the conditions set forth in article 40 above.
The trustee shall submit a written report to the receiver on his mission and the implementation of
the reorganization or assets liquidation proceedings at least once every two (2) months and,
whenever the receiver so requests. Furthermore, he shall state in his report the amount of money
deposited in the account of the bankruptcy proceedings opened under the conditions set forth in
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 47