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Phases of the reorganisation proceedings

The reorganisation proceedings begin when you submit the application concerning corporate reorganisation to the court. The court decides on starting the reorganisation and appoints an administrator. The administrator draws up a preliminary report on your company and a proposal for the reorganisation programme. The creditors must approve the proposal, the court must confirm it and your company must comply with it for the duration of the reorganisation process.

Text edited by: editorial team
Updated: 12/29/2020