Article 110. Moratorium on Satisfaction of Creditors' Claims

The moratorium on satisfaction of creditors' claims shall apply to monetary obligations and (or) taxes and fees, the due date for which came before the introduction of the external management procedure, with the exception of monetary obligations and (or) taxes and fees that arose after the introduction of the monitoring procedure for the debtor and (or) judicial rehabilitation procedures.

During the term of the moratorium on monetary obligations and (or) taxes and fees provided for in part one of this article:

collection on executive and other documents, the collection of which is carried out in an indisputable (non-acceptance) manner shall not be allowed;

forfeit (fine, penalty) and other economic (financial) sanctions for non-fulfillment or improper fulfillment of monetary obligations and (or) duties on taxes and fees shall not be charged, with the exception of monetary obligations that arose after the introduction of the monitoring procedure and (or) procedure of judicial rehabilitation in relation to the debtor, as well as payable interest.

Interest shall be accrued on the amount of the creditor's claims for monetary obligations and (or) taxes and fees at the time of the introduction of external management in the manner and amount provided for in Article 327 of the Civil Code of the Republic of Uzbekistan. These interest shall be accrued on the claims of one priority from the date of introduction of external management in relation to the debtor and until the date the court issues a ruling on the commencement of settlements with creditors for the claims of this priority or until the decision is adopted to declare the debtor bankrupt and commence liquidation proceedings. The amount of accrued interest shall be payable to the creditor simultaneously with the payment of the principal amount.

The moratorium shall also apply to creditors' claims for compensation for losses caused by the refusal of the external manager to execute transactions of agreements, in accordance with Article 119 of this Law.

The rules provided for by parts two and three of this article shall not apply to monetary obligations and (or) taxes and fees, the due date for which has come after the introduction of the external management procedure.

The moratorium shall not apply to the claims of citizens arising from labor relations, for the recovery of alimony and the payment of remuneration under copyright agreements, as well as to the claims of citizens to whom the debtor is liable for causing harm to life or health.