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Article (94): Precautionary Attachment

Notwithstanding the provisions of any other legislation, the liquidator may file a motion to the competent court to impose a precautionary attachment over any property belonging to the Company’s debtors; or to take any precautionary or summary measures against them, pursuant to the provisions of the legislation in force, considering the following:

1)

The liquidator shall be exempted from depositing a security for such motion; and

2)

The liquidator shall have issued a notice of claim to the debtor upon filing the aforementioned motion, or shall issue it within (8) eight days subsequent to the issuance of the decision. This notice shall be an alternative to the substantive action required to be filed pursuant to the provisions of the Federal Civil Procedure Law.