SECTION 810

Absent the approval by the general meeting of bondholders of the proposals of the company regarding its merger or demerger, the company may override that and bondholders shall retain their capacity of bondholders in the acquiring company or the new company born from the merger or in the companies arising from the demerger, as the case may be. Where the company decides to override the refusal of approval by the general meeting of bondholders, the chief executive officer, the general manager or the general director, as the case may be, shall inform the representative of the group of bondholders of the decision by hand- delivered letter against a receipt or by registered mail with request for acknowledgement of receipt. The bondholders group may file an objection to the merger or demerger before the competent court. The latter may either overrule the objection or order either repayment of the bonds, or the provision of guarantees where the acquiring company or the company being split offers any they are deemed sufficient.