Bankruptcy Law

1- Contracts to which the debtor is party shall remain valid, regardless of the initiation of the protective settlement procedure. The debtor's counterparty shall be obliged to perform his contractual obligations after the initiation of such procedure, provided the debtor satisfies all the obligations arising after the initiation of the procedure. Any obligations of the debtor which he has not satisfied prior to the initiation of the procedure shall be included in the claims list. 2- If the debtor, after the initiation of the procedure, fails to satisfy his obligations under contracts to which he is party pursuant to paragraph (1) of this Article, the court may, upon the request of the counterparty, terminate the contract and discharge the counterparty from his contractual obligations without prejudice to his rights. 3- The debtor shall exercise due diligence to ensure satisfaction of his contractual obligations arising after the initiation of the procedure, including the immediate performance of such obligations or the provision of alternative guarantees for the counterparty’s rights upon fulfillment of his obligations, as specified in the Regulations. 4 The debtor shall fulfill his obligations arising after the initiation of the procedure on their due dates, unless otherwise agreed with the counterparty.