Article 166. Consequences of Approval of Settlement Agreement By Court

On insolvency (LRU-763-son) · Date: 12.04.2022 · In force

The approval of the settlement agreement by the court in the process of monitoring procedures, judicial rehabilitation, external management and liquidation proceedings shall be the basis for terminating the insolvency proceedings.

From the date of approval of the settlement agreement by the court, the powers of the judicial managers shall be terminated. The external manager and the liquidation manager of the debtor, which is a legal entity, shall continue to exercise powers until the election (appointment) of the head of the debtor.

From the date of approval of the settlement agreement, respectively, the debtor, who is an individual entrepreneur, or the head of the debtor, an external manager or liquidation manager or a third party shall begin to repay the debt to creditors.

Open in the readerWith colour highlights, notes, search and a test on the selected text.

All articles of the lawThis article in other languages:ru uz

Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957

The text is taken from lex.uz automatically and matches it in content: it is the same text, not a separate edition. It is given for educational and reference purposes and the content of the norms is not changed. It is not an official publication: for court, contracts and official answers check the current edition on lex.uz. About

About the site: NEOLEX (veoskill) is an educational project about the law of the Republic of Uzbekistan. It does not replace lex.uz; to the same texts it adds a separate address for every article, plain-word explanations, a glossary, tests and reading in three languages. Contact: Telegram @neovixar.

Cite as: Article 166. Consequences of Approval of Settlement Agreement By Court On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/166 (lex.uz/docs/6352957)