Debt standstill is no longer obligatory. Observe has proven that not many standstill agreements have been entered into to date, owing to the truth that banks have been reluctant to waive their proper to freeze debtors_ accounts. The minister of financial system is now not authorized to prescribe the content of those agreements, which further underscores the necessity for flexibility. The law additionally bans collectors from actually filing a lawsuit or initiating arbitration or any other legal ...

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