Article 32. Ground for Pre-Judicial Rehabilitation

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

Pre-judicial rehabilitation shall be carried out before initiation of insolvency proceedings.

In the event of the appearance of signs of insolvency, provided for in paragraph one of Article 5 of this Law, the head of the debtor shall be obliged to notify the founders (participants), the debtor's governance bodies or the owner of the debtor's property in writing.

In order to prevent insolvency, before the filing of an application with the court by the founders (participants), the debtor's governance body or the owner of the debtor's property to declare the debtor insolvent, measures shall be taken aimed at the financial recovery of the debtor. Measures aimed at the financial recovery of the debtor may also be taken by creditors or other persons on the basis of an agreement concluded with the debtor.

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 32. Ground for Pre-Judicial Rehabilitation On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/32 (lex.uz/docs/6352957)