Article 34. Main Measures of Pre-Judicial Rehabilitation

The main measures of pre-judicial rehabilitation shall be:

full or partial redemption of overdue debts;

re-profiling of production for the manufacturing of competitive products;

attraction of highly qualified specialists;

training, retraining and advanced training of personnel;

provision of financial assistance by legal entities and natural persons interested in restoring the solvency of the debtor and continuing its activities;

agreement between the debtor and creditors aimed at reaching a consent between them on the deferment and (or) installment of payments due to creditors or a discount on debts in order to continue the activities of the debtor;

deferral of payment of taxes and fees and repayment of loans for the period of pre-judicial rehabilitation;

reorganization of the debtor which is a legal entity.

The pre-judicial rehabilitation procedure may include other measures.

Conducting pre-judicial rehabilitation with the provision of state support shall be carried out on the basis of a decision of a body authorized by the Cabinet of Ministers of the Republic of Uzbekistan.

The procedure for conducting pre-judicial rehabilitation with the provision of state support shall be regulated by legislation.

When carrying out pre-judicial rehabilitation with the provision of state support to the debtor, a rehabilitation account for sum and (or) foreign currency shall be opened in the servicing bank with the suspension of previously existing accounts. The procedure for using the rehabilitation account shall be determined by legislation.