The Commercial Law Day, in its second edition, approved 10 new
statements dealing with a company's crisis.
Among them, we can mention Statement 76, which expressly
recognized the possibility of bondholders applying for splitting of
the rights to speak and to vote, so that they may be exercised
individually at a general meeting of creditors, regardless of the
exercise of voting at a general meeting being incumbent on the
trustee, pursuant to the issued debt security instrument.
As for the principle of company preservation, Statement 74
establishes that, although the tax execution proceedings are not
suspended due to the approval of court reorganization, the acts
entailing the creation of liens on the assets of the company under
reorganization are subject to review by the relevant court.
