Section 3: Common provisions.

I. – The liquidator may not, without the agreement of the debtor, realise assets or rights acquired under a succession opened after the opening or pronouncement of the judicial liquidation, or bring about the division of any joint ownership that may result. II. – At the request of the debtor and with the authorisation of the juge-commissaire or the court, the liquidator may realise assets or rights that make up…

Any sale of a business and any realisation of assets must be preceded by publicity, the terms of which are determined by decree in the Conseil d’Etat according to the size of the business and the nature of the assets to be sold.

Before any sale or destruction of the debtor’s archives, the liquidator shall inform the administrative authority competent for the conservation of archives. This authority shall have a right of pre-emption. The destination of the debtor’s archives subject to professional secrecy shall be determined by the liquidator in agreement with the professional order or competent authority to which the debtor belongs.

The liquidator may, with the authorisation of the juge-commissaire and with the debtor heard or duly summoned, compromise and settle all disputes of collective interest to the creditors, even those relating to rights and actions in immovable property. If the subject of the compromise or settlement is of indeterminate value or exceeds the final jurisdiction of the court, the compromise or settlement shall be subject to approval by the court.