If both the bankrupt and the other party under an executory contract have not yet completely performed their obligations by the time of the commencement of bankruptcy proceedings, a bankruptcy trustee may cancel the contract or may perform the bankrupt's obligation and request the other party to perform their obligation.
In the case referred to in the preceding paragraph, the counterparty may specify a reasonable period and make a demand on the bankruptcy trustee that the trustee should give a definite answer within that period with regard to whether they will cancel the contract or request performance of the obligation. In this case, if the bankruptcy trustee fails to give a definite answer within that period, it is deemed that the trustee has cancelled the contract.
The provisions of the preceding paragraph apply mutatis mutandis if the counterparty or a bankruptcy trustee may give a notice of termination pursuant to the provisions of the first sentence of Article 631 of the Civil Code or cancel the contract pursuant to the first sentence of Article 642, paragraph (1) of that Code.
前項の規定は、相手方又は破産管財人が民法第六百三十一条前段の規定により解約の申入れをすることができる場合又は同法第六百四十二条第一項前段の規定により契約の解除をすることができる場合について準用する。
Read this with the articles around it
(Notice of Termination Due to Commencement of Bankruptcy Proceeding for Employer)
If the employer is subject to an order commencing bankruptcy proceedings, the employee or the bankruptcy trustee may give a notice of termination pursuant to the provisions of Article 627 even if the…
使用者が破産手続開始の決定を受けた場合には、雇用に期間の定めがあるときであっても、労働者又は破産管財人は、第六百二十七条の規定により解約の申入れをすることができる。この場合において、各当事者は、相手方に対し、解約によって生じた損害の賠償を請求することができない。
Open this provision(Cancellation on Commencement of Bankruptcy Proceeding for Party Ordering Work)
If the party ordering work receives an order commencing bankruptcy proceeding, the contractor or the bankruptcy trustee may cancel the contract; provided, however…
注文者が破産手続開始の決定を受けたときは、請負人又は破産管財人は、契約の解除をすることができる。ただし、請負人による契約の解除については、仕事を完成した後は、この限りでない。
Open this provision(Executory Contracts)
If both the bankrupt and the other party under an executory contract have not yet completely performed their obligations by the time of the commencement of bankruptcy proceedings…
双務契約について破産者及びその相手方が破産手続開始の時において共にまだその履行を完了していないときは、破産管財人は、契約の解除をし、又は破産者の債務を履行して相手方の債務の履行を請求することができる。
Open this provision(Executory Contracts)
In the case referred to in the preceding paragraph, the counterparty may specify a reasonable period and make a demand on the bankruptcy trustee that the trustee should give a definite answer within…
前項の場合には、相手方は、破産管財人に対し、相当の期間を定め、その期間内に契約の解除をするか、又は債務の履行を請求するかを確答すべき旨を催告することができる。この場合において、破産管財人がその期間内に確答をしないときは、契約の解除をしたものとみなす。
Open this provisionbankrupt
「破産者」
A debtor against whom an order commencing bankruptcy proceedings has been made under Article 30, paragraph (1).
Defined inArticle 2, paragraph (4)· applies throughout the law
bankruptcy trustee
「破産管財人」
A person who has the right to administer and dispose of the property belonging to the bankruptcy estate (破産財団) in bankruptcy proceedings.
Defined inArticle 2, paragraph (12)· applies throughout the law
cancellation
解除
Ending a contract by one party's notice to the other, where the contract or the law gives that party a right to cancel (Civil Code, Article 540, paragraph (1)). The Civil Code lets a party cancel for the other's failure to perform: after a demand to perform within a reasonable time that is not met, unless what is still missing is minor (Article 541), or at once where performance has become wholly impossible, or the other party has clearly refused to perform, among other cases where performance clearly will not come (Article 542, paragraph (1)). On cancellation each party must put the other back in the position before the contract, and damages can still be claimed (Article 545, paragraphs (1) and (4)); a lease, though, ends only from then on (Article 620). Cancellation differs from rescission (取消し), after which the act is treated as void from the start (Article 121).
Written by AI using Civil Code, Arts. 121, 540, 541, 542, 545, 620 as a reference.