Member States shall ensure that, during the preparation phase, where the debtor is in a situation of likelihood of insolvency or is insolvent in accordance with national law, the debtor can benefit from a stay of individual enforcement actions in accordance with Articles 6 and 7 of Directive (EU) 2019/1023, either in the preparation phase or in the context of another type of insolvency proceedings in which the debtor remains totally, or at least partially, in control of its assets and the day-to-day operation of its business and in which the sale of the debtor’s business, or part thereof, as a going concern can be continued and concluded.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
