Article 47. Measures to Secure Creditors' Claims

The court, on the basis of the application of the person participating in the insolvency case, shall be entitled to adopt measures to secure the claims of creditors in accordance with the Economic Procedure Code of the Republic of Uzbekistan.

In addition to measures to secure the claims of creditors provided for by the Economic Procedure Code of the Republic of Uzbekistan, the court shall have the right to prohibit transactions without the consent of the judicial manager, oblige the debtor to transfer securities, currency values and other property for storage to third parties and take other measures aimed at ensuring the safety of the debtor's property .

Measures to secure the claims of creditors shall be valid until the court decides on the introduction of one of the insolvency procedures or until the court decides to refuse to declare the debtor bankrupt or until the court approves the settlement agreement.

The court shall have the right to cancel measures to secure the claims of creditors before the occurrence of the circumstances provided for by part three of this Article.

The court ruling on adoption of measures to secure the creditors' claims may be appealed (protested) by the persons participating in the insolvency case.