Article 562. Creditors ' rights in the sale of an enterprise

1. Creditors for obligations included in the business to be sold must be notified in writing to the buyer of its sale to one of the parties to the contract for the sale of the business prior to its transfer. A creditor that has not informed the seller or buyer in writing of its consent to the transfer of the debt is entitled, within three months from the date of receipt of the notice of sale of the business, to demand or otherwise The contract of sale of the business in its entirety or in part is declared null and void by the seller. 3. A creditor who has not been notified of the sale of the business in the manner provided for in paragraph 1 of this article may bring an action to satisfy the requirements of paragraph 2 of this article. 4. After handing over the business to the buyer, the seller and the buyer are jointly and severally liable. The Panel recommends no award of compensation in respect of debts included in the transferred business that were transferred to the buyer without the agreement of the creditor.