Article 695 — Execution of the Sale of the Business as a Going-

1/ Following the confirmation by the court, the supervisor in reorganization shall facilitate entry into all necessary contracts, including contracts for the transfer of ownership, and fulfill all necessary formalities to implement the effective legal transfer of the business as a going-concern. 2/ Assets which are not part of the sale of the business as a going-concern shall be sold and employees who have not been transferred shall be laid-off. The proceeds of the sale shall be distributed among the creditors in accordance with the rules of priority laid down in 0.