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Article4
2)maybecarriedoutifthetotaldisputedclaimswhichgivetheright
tovoteonthearrangementdoesnotexceed15%ofthetotalclaims
givingtherighttovoteonthearrangement.
3.Theacceleratedarrangementproceedings:
1)shallenablethedebtortoconcludethearrangementafterthetable
ofclaimsunderasimplifiedprocedurehasbeenpreparedandap-
proved;
2)maybecarriedoutifthetotaldisputedclaimswhichgivetheright
tovoteonthearrangementdoesnotexceed15%ofthetotalclaims
givingtherighttovoteonthearrangement.
4.Thearrangementproceedings:
1)shallenablethedebtortoconcludethearrangementafterthetable
ofclaimshasbeenpreparedandapproved;
2)maybecarriedoutifthetotaldisputedclaimswhichgivetheright
tovoteonthearrangementexceeds15%ofthetotalclaimsgiving
therighttovoteonthearrangement.
5.Theremedialproceedingsshallenablethedebtortocarryoutre-
medialactionsandconcludethearrangementafterthetableofclaimshas
beenpreparedandapproved.
6.Theremedialactionsshallincludelegalandfactualactswhichaim
toimprovetheeconomicsituationofthedebtorandtorestorethedebtor’s
capacitytoperformhisobligations,whileprotectinghimagainstdebten-
forcementproceedings.
Article4.1.TheprovisionsoftheActshallapplyto:
1)entrepreneurswithinthemeaningoftheActof23April1964-Civil
Code(J.L.of2014item121,asamended),hereinafterreferredtoasthe
“CivilCode”;
2)limitedliabilitycompaniesandjoint-stockcompanieswhicharenot
engagedinbusinessactivity;
3)partnersinpartnershipsliableforthepartnership’sobligationswithout
limitstotheirproperty;
4)partnersinaprofessionalpartnership.
2.
1
TheprovisionsoftheActshallnotapplyto:
1)theStateTreasuryandlocalgovernmentunits;
1
Article4section2hasbeenamendedbytheActof10June2016ontheBankGuaranteeFund,the
DepositGuaranteeSchemeandMandatoryRestructuring(J.L.of2016item996),whichshallenterinto
forceon9October2016.ThenewwordingofArticle4section2isattheendofthecompilation.
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