Section 2: Effects of accelerated safeguard measures

The opening of accelerated safeguard proceedings only has effect in respect of the parties mentioned in Article L. 626-30 directly affected by the draft plan mentioned in the second paragraph of Article L. 628-1.

Without prejudice to Article L. 622-6, the debtor draws up a list of the claims of each affected party having participated in the conciliation that must be the subject of the declaration provided for in the first paragraph of Article L. 622-24. This list includes the information provided for in the first two paragraphs of article L. 622-25 and, where applicable, the subordination agreements brought to the debtor’s attention by…

The court adopts the plan under the conditions set out in articles L. 626-31 and L. 626-32 within two months of the opening judgment. At the request of the debtor and the insolvency administrator, the court may extend this period without the total duration of the proceedings exceeding four months. If the plan is not approved within this period, the court shall terminate the proceedings. The provisions of the fourth…