Cap. 631 чл. 9Types of preventive restructuring procedures.

(1) A preventive restructuring application, hereinafter in this article also referred to as the "application", shall be made by means of an application to the Court, to be made or endorsed by an insolvency practitioner.

(2) The insolvency practitioner making or endorsing, as the case may be, the application referred to in sub-article (1) shall, by virtue hereof, subject only to the provisions of article 13, be designated as the insolvency practitioner responsible to assist the debtor in the preventive restructuring procedure, and all the obligations of an insolvency practitioner as applicable in terms of this Act shall apply to the said insolvency practitioner for so long as the insolvency practitioner shall remain so appointed.

(3) The application referred to in sub-article (1) shall comprise a request to the Court to place the debtor into a preventive restructuring procedure under one of the following specific types of preventive restructuring procedures:

(a) a standard preventive restructuring procedure for the formulation of a restructuring plan in accordance with the requirements of the Second Schedule, and to be submitted for adoption by the affected parties in terms of Part VI;

(b) a pre-formulated preventive restructuring procedure, for the submission of a restructuring plan formulated in accordance with the requirements of the Second Schedule, for adoption by the affected parties in terms of Part VI; or

(c) a pre-approved preventive restructuring procedure, for the confirmation of a restructuring plan formulated in accordance with the requirements of the Second Schedule, that has already attained the necessary approval for adoption by the affected parties in terms of article 41 or 42.