Good afternoon sirs:

Due to the prevailing situation as a result of the spread of Covid 19, it is estimated that many
companies locally and internationally will face serious difficulties in order to survive
economically, and therefore they will need to submit a process of adjustment, restructuring or
even liquidation in order to be able to face the debts incurred with creditors, as banks,
suppliers or own workers.

On August 12, 2015, was approved in our country the Law No. 141-15; of Restructuring and
Liquidation of Companies and Individuals Merchants, this Law would apply to those companies
that decide to correct their economic situation and fulfill the commitments made.

The law has 3 basic objectives:

1- Achieve the CONTINUITY of operations business of companies and individuals merchants,

through the restructuring procedures contemplated in the law.

2- Initiate the Judicial Liquidation Process, when the companies and individuals merchants,
due to its situation cannot be subjected to a restructuring procedures that allows them to fulfill
its commitments and be able to continue operating.

3- Establish mechanisms and processes in order to protect creditors against the financial
difficulty of the debtor companies and individuals merchants.

To guarantee the aforementioned objectives, this law has created two processes:

● Restructuring process
● Judicial liquidation process

Restructuring process:

The purpose of this mechanism and / or process is that companies and individuals merchants
who are in a difficult economic situation can restructure, achieving continuity its operations,
preserving the jobs of their employees and protecting and facilitating credits in favor of their
creditors.
Judicial Liquidation Process:

When the debtor's assets are not enough to pay off their debts and / or continue with their
commercial operations, the Judicial Liquidation will proceed, this process consists of
distributing all the assets of the debtor companies and individuals merchants, for the benefit of
their creditors.

Who may request the restructuring of the debtor:

- The debtor companies or individuals who are in financial difficulties

- Any creditor, whose claims represent at least fifty (50) minimum wages, the creditor or
creditors must provide evidence to support their creditor (s) status.

If for any reason you are in need of obtaining the benefits granted by Law No. 141-15 on the
Restructuring and Liquidation of Companies and Individuals Merchants, you can contact us and
we will inform you about the requirements that must be fulfilled for the request of
restructuring process or judicial liquidation process, the cost of the procedure, the advantages
and disadvantages of this law and any other concerns that you may have about the law and its
procedures.

Thanks