| Commentary

55–56 Summoning the meetings

| Commentary

55–56    Summoning the meetings

There is no need for a nominee’s report as a precursor to calling meetings because it is already filed in court as part of the procedure for obtaining the moratorium. The nominee must convene a decision procedure of creditors and meeting of the company and its creditors within 28 days after the moratorium comes into effect or it will automatically lapse1. The purpose of the meetings is the same as in a non-moratorium case2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial