Article 683 — Vote on the Reorganization Plan

1/ The supervisor in reorganization shall organize and submit to the vote of each class of creditors the reorganization plan prepared by the debtor and amended by creditors, and if applicable, any counter-proposal prepared by creditors. 2/ The reorganization plan is accepted provided that one or more creditors, representing at least two-thirds of the claims in each class of creditors have voted in favor of the reorganization plan, including by way of written agreements among the creditors. Creditors who are notified but neither present nor represented shall not be taken into account for the purpose of voting. 3/ Where the two-third majority is not reached in each class of creditors’ meetings, the reorganization plan is accepted provided that the plan has been approved by the debtor and by a majority of classes of affected creditors. 4/ Where the majority of Sub-Article (2) above has not been reached, the plan shall be deemed accepted where at least one of the classes of creditors, other than an equity-holders class or any other class which, upon a valuation of the debtor in a liquidation scenario, would not receive any payment or keep any interest, votes in favor of the plan. 5/ The classes of creditors' meetings may be adjourned to the next working day without further notice to creditors, even though not present at the meeting.