+Article 10 1

Article 10 1

1.   Member States shall ensure that at least the following restructuring plans are binding on the parties only if they are confirmed by a judicial or administrative authority:

(a)

restructuring plans which affect the claims or interests of dissenting affected parties;

(b)

restructuring plans which provide for new financing;

(c)

restructuring plans which involve the loss of more than 25 % of the workforce, if such loss is permitted under national law.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards