Mutual contracts

The provisions governing the performance of transactions and the cooperation of the works council (sections 103 to 128) apply, with the proviso that the insolvency administrator is to be replaced by the debtor. Debtors are, as a rule, to exercise their rights under such provisions with the concurrence of the insolvency monitor. Exercise of the rights under sections 120, 122 and 126 requires the insolvency monitor’s consent to become legally effective.