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Article (79): Cases of Suspending Attachment or Enforcement Against the Company’s Property

1)

Subject to the provisions set forth in any other legislation, the enforcement of any attachment on the Company’s property or assets, whether precautionary or executory attachment, or any disposition of, or enforcement against such property or assets shall be suspended from the date of issuance of the restructuring decision until any of the following cases is established:

  

a. 

Lapse of the of the committee’s tenure referred to in Clause (1) of Article (78) above;

  

b. 

Issuance of a decision by the Board, pursuant to the provisions of the Decree-Law, rejecting the restructuring plan; Creditors’ rejection of the restructuring plan, pursuant to provisions of this Decree- Law; and

  

c. 

Issuance of a decision by the Board to discontinue the restructuring procedures, pursuant to the provisions of this Decree-Law.

2)

The statute of limitation for inadmissibility of the lawsuit shall be suspended, as regard to the procedure referred to in Clause (1) above.