Article 125. Measures to Restore Solvency of Debtor
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
The external management plan may provide for the following measures to restore the debtor's solvency:
re-profiling of production;
closure of unprofitable manufactures;
collection of receivables;
sale of a part of the debtor's property;
assignment of the debtor's claims;
fulfillment of the debtor's obligations by third parties;
placement of additional shares of the debtor;
sale of the enterprise (business) of the debtor as a property complex;
borrowing funds from commercial banks, financial institutions, as well as raising funds from persons interested in continuing the activities of the debtor;
decision to increase the charter fund (authorized capital) of a joint-stock company at the expense of accounts payable (conversion of debt into shares) shall be adopted by a three-quarters majority (qualified majority) of the votes of shareholders who are the owners of voting shares present at the general meeting of shareholders;
replacement of the debtor's assets.
The external management plan may provide for other measures to restore the debtor's solvency.
In addition to the measures provided for by part one of this article, upon the proposal of the authorized state body, the court may issue a ruling on the conservation of inactive objects of the debtor, in the charter fund (authorized capital) of which there is a state share.
