During the reorganisation period no levy of execution or other enforcement measures may take place against the company with the exception of claims where the creditor has a possessory pledge right or a right of retention.
No decisions regarding provisional attachment (arrest) or payment security may be passed during the reorganisation period.
If there is a special cause to believe that the company is acting in a way that may jeopardise a creditor’s rights, the creditor may apply for and the court may pass such decisions as it deems fit to secure such rights.
Should a creditor apply for bankruptcy during the reorganisation period, the court should stay the bankruptcy proceedings if so requested by the company.
Tuesday, March 03, 2009
Swedish Law – Company Reorganisation - Enforcement Measures during Reorganisation
Etiketter:
Bankruptcy Law,
Company Reorganisation,
Swedish Law
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