Duration of Measures. Notwithstanding the right to review in accordance with the WTO Agreements included in Article 7.01, any definitive antidumping or countervailing duty imposed by a Party on a good imported from territory of the other Party shall be terminated on a date not later than five (5) years from its imposition. PART THREE TRADE BARRIERS CHAPTER 8
Duration of Measures. In the case of reorganization, the moratorium lasts for a minimum of 120 to a maximum of 365 days, if so approved by the creditors. Secured and non-secured creditors vote on the extension of the moratorium in separate classes.1 The court issues a decision on the commencement or the denial of a liquidation proceeding within 60 days from the date of receipt of the application.2 A liquidation proceed- ing may last up to two years3 or, in practice, longer. § 17:51 Ability to sell assets of estate free and clear of encumbrances and other interests In liquidation proceedings, all assets of the estate, including the encumbered assets, are sold by the liquidator in the course of the liquidation on the highest price. The sale should be commenced within 100 days following the commencement of the liquidation proceedings. The liquidator must notify about the sale all persons who have a registered right in any public registry, including registered security right holders in various public registries. The liquidator must sell the assets on a public sale, in the frame of a public tender or an auction. The liquidator may avoid these forms of public sale only if the creditors’ council approves it, or if the expect- able costs are likely to exceed the amount of the expected proceeds. Upon the approval of the creditors, the liquidator may, in order to achieve a more favorable utilization of the assets, transfer the estate [Section 17:49] 1Insolvency Act, section 28(2)f). 2Insolvency Act, section 46(7). 3Insolvency Act, section 37. [Section 17:50] 1Insolvency Act, sections 10(4) and 18(7) and (9). 2Insolvency Act, section 27. 3Insolvency Act, section 52(2). § 17:51 International Secured Transactions as an asset contribution to a limited liability company, shareholding company, or cooperative.1 If two rounds of public sale prove to be unsuccessful, at the request of the secured creditor and upon approval of the creditors’ council (absent that, the other creditors), the asset may be sold on appraisal value to the secured creditor. The secured creditor must pay the dif- xxxxxxx between the purchase price and the amount of its claim and the costs of the liquidator within 15 days of the transaction.2 § 17:52 Avoidable transactions In liquidation, within 90 days from taking knowledge, but not later than one year following the commencement of the liquidation, the creditor or the liquidator of the company may request the court to xx- xxxxx null and void a contract concluded within:
