Bankruptcy Law

1. Any person with interest may appeal a court judgment or decision before a court of appeals if the subject matter of such judgment or decision is any of the following: a) Rejection of the initiation of the protective settlement procedure or the financial restructuring procedure. b) Initiation of a liquidation procedure, small debtors' liquidation procedure, or administrative liquidation procedure, or the rejection of the initiation of any of such procedures. c) Termination or non-termination of any bankruptcy procedure. d) Continuation or termination of a contract. e) Taking of any precautionary measure prior to the initiation of the liquidation procedure or small debtors' liquidation procedure. f) Inclusion or exclusion of any claim or part thereof in the list of claims. g) Classification of creditors, and voting on the proposal, its procedures, and outcome. h) Recovery of assets and compensation for persons affected by the disposition thereof. i) Confirmation or non-confirmation of the proposal. j) Appointment and dismissal of trustees and experts, their resignation, their remunerations, the discharge of their duties, and the exercise of their powers. k) Imposition of penalties prescribed in this Law. l) Arrangements of securities and set-offs relating to financial transactions. m)Set-off. n) Sale of assets and distribution of sale proceeds among creditors. o) Modification of any right in the securities provided to creditors. p) A debtor's detainment of what is required to provide him and his dependents with a decent standard of living. q) Implementation or non-implementation of the plan. r) Formation of the creditors’ committee. s) Any other matter specified by the Regulations. 2. Unless otherwise provided for, the appellant must submit his appeal within 14 days from the date of the judgment or decision, or announcement thereof, whichever occurs earlier. If the appellant is notified of the judgment or decision subject of the appeal prior to announcement, such appeal must be filed within 14 days from the notification date.