Article 118. Disposition of Debtor's Property

The owner of the debtor's property or the bodies authorized by the constituent documents shall not be entitled to adopt decisions or otherwise limit the powers of the external manager to dispose of the debtor's property, except as otherwise provided by this Law.

Major transactions and transactions in which there is an interest shall be made by an external manager only with the consent of the meeting of creditors or the committee of creditors, unless otherwise provided by this Law or the external management plan.

Major transactions shall include transactions involving the disposal of immovable property or other property of the debtor, the balance sheet value of which exceeds ten percent of the balance sheet value of the debtor's assets at the time of the transaction.

Transactions in which there is an interest shall be recognized as transactions, the parties to which are interested parties in relation to an external manager or creditor.