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Article 15 Effects of restructuring plans

United Kingdom

Original text. Later amendments are not shown.

1.

Member States shall ensure that restructuring plans that are confirmed by a judicial or administrative authority are binding upon all affected parties named or described in accordance with point (c) of Article 8(1).

2.

Member States shall ensure that creditors that are not involved in the adoption of a restructuring plan under national law are not affected by the plan.