Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 63

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 63
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 the day following
the publication of the court’s order opening such proceedings in the official online database of Austrian insolvencies (www.edikte.justiz.gv.at).
After the opening of insolvency proceedings, transactions of the debtor with respect to assets belonging to the insolvency estate have
no effect against the creditors of the insolvency estate.

Upon its decision to open the insolvency proceedings,
the court will appoint an insolvency administrator (Insolvenzverwalter) and may, depending on the nature and the size of the debtor’s
business (either ex officio or upon the request of the creditors’ meeting (Gläubigerversammlung)), appoint a creditors’
committee (Gläubigerausschuss) charged with monitoring and assisting the insolvency administrator in the discharge of its
duties. After the opening of insolvency proceedings (and unless the debtor qualifies for self-administration), only the insolvency administrator
is entitled to act on behalf of the insolvency estate.

Under Austrian law, an insolvency administrator’s
role is to continue the debtor’s business with a view to enabling a potential reorganization of such business either by implementing
the debtor’s restructuring plan or by a sale of the debtor’s assets. If neither a restructuring plan nor a sale of the debtor’s
business is possible, the insolvency administrator will discontinue the debtor’s business operations. As a result of the ensuing
insolvency proceedings, the debtor’s assets will be liquidated and the proceeds realized thereby will be distributed to the debtor’s
creditors, with the debtor remaining liable for any portion of its debts not satisfied by such proceeds.

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If the debtor qualifies for self-administration,
the court will proceed with the appointment of a restructuring administrator (Sanierungsverwalter) to monitor the activities of
the debtor. In such case, certain transactions are either subject to the restructuring administrator’s approval or may be performed
only by the restructuring administrator.

Creditors (Insolvenzgläubiger) wishing
to assert their claims against the debtor must participate in the insolvency proceedings and file their claim with the competent court
within the time period set out in the court order opening the insolvency proceedings. At the respective examination hearing (Prüfungstagsatzung),
the insolvency administrator has to declare whether it acknowledges or contests each of the claims filed with the court. If the insolvency
administrator acknowledges a creditor’s claim, such