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Once the proposal setting out the compromise or arrangement with creditors has been adopted, the company may apply to court for an order sanctioning the proposal. Court sanction is not necessary where a contractual compromise or arrangement was unanimously adopted by all creditors and the company is satisfied that there is no risk that any single minority creditor may have been excluded from the voting process. Where there has not been a unanimous approval of the proposal, the company can opt to have the proposal sanctioned by the court because then the proposal becomes binding on all the creditors whether or not they have agreed to it. This court order is final and binding on all the relevant creditors, from the date on which the court order sanctioning the compromise is filed with the Companies and Intellectual Property Commission.
Quelle:
...g-into-a-compromise-with-creditors-ten-things-to-consider/
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Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
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126 | 89.303 | Steinhoff Informationsforum | DEOL | Wallnuss | 22.03.24 13:38 | |
61 | influ | Berliner_ | Thor Donnerkeil | 23.01.24 18:40 |