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Cap. 631 · Pre-Insolvency Act (Cap. 631)

Cap. 631 чл. 19Equal treatment of affected parties.

PART IV

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(1) All affected parties comprising part of a specific class shall be treated equally for the purposes of the restructuring of their claims within the scope of the restructuring plan, except insofar as any detrimental treatment is expressly agreed to by the affected parties to whom such differentiation shall apply.

(2) Where an affected party agrees to be treated differently from other affected parties within the same class in terms of the preceding sub-article, the restructuring plan shall be accompanied by an express statement, in writing, by each of the affected parties to the detriment of whom the differentiation in treatment shall apply.

(3) Any agreement extraneous to the restructuring plan, howsoever formulated, that grants, or purports to grant, an unfair advantage to an affected party, whether pursuant to the terms of a restructuring plan or otherwise in connection with the preventive restructuring procedures, shall be null and void.