+Article 16 4

Article 16 4

4.   Member States shall ensure that, where an appeal pursuant to paragraph 3 is upheld, the judicial authority may either:

(a)

set aside the restructuring plan; or

(b)

confirm the restructuring plan, either with amendments, where so provided under national law, or without amendments.

Member States may provide that, where a plan is confirmed under point (b) of the first subparagraph, compensation is granted to any party that incurred monetary losses and whose appeal is upheld.

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