Article 629 — Approval of the Restructuring Plan by the Court

1/ The restructuring plan shall be approved by the Court. 2/ The Court in approval of the restructuring plan shall verify that: a) third parties’ interests are adequately protected in particular with respect to the taking of security interests and in the framework of new financing; b) the restructuring plan has a reasonable prospect of preventing the bankruptcy of the debtor and assuring the viability of the business. 3/ In the event that terms of the restructuring plans require the approval of the shareholders, such approval shall be made in accordance with the provisions of the Commercial Code. 4/ In case of new financing, the extract of the judgment indicating the privileged amount of new financing shall be publicly available. 5/ Guarantors may claim their right by invoke the benefit of the terms of the restructuring plan; any dispute arising in relation to this Sub-Article shall be heard by the Court opening preventive restructuring proceedings. 6/ Upon approval by the Court, the restructuring plan shall be deemed to constitute an executor title.