All articles of the law: On insolvency (LRU-763-son)

Laws › On insolvency (LRU-763-son)

On insolvency (LRU-763-son)

Date: 12.04.2022 · In force · 249 articles

Open in the reader Original on lex.uz

Article 1. Purpose of Present Law
Article 2. Legislation on Insolvency
Article 3. Basic Concepts
Article 4. Current Payments
Article 5. Signs of Insolvency
Article 6. Consideration of Insolvency Case
Article 7. Right to Apply To Court
Article 8. Grounds for Debtor to Apply To Court
Article 9. Obligation of Debtor, Liquidation Commission or Liquidator To File Application With Court
Article 10. Subsidiary Liability of Head of Debtor, Members of Liquidation Commission or the Liquidator for Failure to Fulfill Obligation to
Article 11. Obligation to Provide Information On Economic Viability of Enterprises

Article 12. Creditors and Meeting of Creditors

Article 13. Groups of Homogeneous Creditors

Article 14. Notification about Meeting of Creditors

Article 15. Procedure for Convening Meeting of Creditors

Article 16. Protocol of Meeting of Creditors

Article 17. Procedure for Adoption of Decisions by Meeting of Creditors

Article 18. Register of Creditors' Claims

Article 19. Committee of Creditors

Article 20. Election of Committee of Creditors

Article 21. Interested Persons

Article 22. Judicial Managers

Section 23. Rights and Obligations of Judicial Manager

Article 24. Public Associations of Judicial Managers

Section 25. Liability of Judicial Manager

Section 26. Remuneration for Judicial Manager

Section 27. Expenses Related to Insolvency Case

Article 28. Powers of Cabinet of Ministers of the Republic of Uzbekistan in the Field of Insolvency

Article 29. Powers of Authorized State Body

Article 30. Insolvency Procedures

Article 31. Out-of-Court Procedures

Article 32. Ground for Pre-Judicial Rehabilitation

Article 33. Object and Subjects of Legal Relations of Pre-Judicial Rehabilitation

Article 34. Main Measures of Pre-Judicial Rehabilitation

Article 35. Terms for Pre-Trial Rehabilitation with Provision of State Support

Article 36. Termination of Pre-Judicial Rehabilitation with Provision of State Support

Article 37. Grounds for Initiating Insolvency Case

Section 38. Persons Participating in an Insolvency Case

Article 39. Debtor's Application

Article 40. Documents to be Accompanied to Application of Debtor

Article 41. Creditor's Application

Article 42. Consolidation of Creditors' Claims

Article 43. Documents to be Attached to Creditor's Application

Article 44. Application of Authorized State Body

Article 45. Application of State Tax Authority and Other Authorized Body

Section 46. Initiation of Insolvency Case

Article 47. Measures to Secure Creditors' Claims

Article 48. Written Opinion of Debtor on Application for Initiation of Insolvency Proceedings Against the Debtor

Section 49. Preparation of Insolvency Case for Court Proceedings

Article 50. Terms of Consideration of Insolvency Case

Article 51. Judicial Acts on Insolvency Cases

Article 52. Decision on Declaring Debtor Bankrupt and Initiating Liquidation Proceedings

Article 53. Publication of Information About Judicial Acts Issued by Court

Article 54. Publication of Information On the Course of Insolvency Proceedings

Article 55. Court Decision on Refusal To Declare Debtor Bankrupt

Article 56. Consequences of Decision to Refuse to Initiate Proceedings on Insolvency of Debtor

Article 57. Grounds for Terminating Insolvency Proceedings

Section 58. Suspension of Insolvency Proceedings

Article 59. Distribution of Court Expenses and Expenses for Payment of Remuneration to Judicial Manager

Article 60. Consideration of Applications and Complaints

Article 61. Proceedings for Revision of Court Rulings Issued as Result of Consideration of Disagreements in Insolvency Case

Article 62. Special Considerations with Respect to Proceedings in Insolvency Cases of Debtor, which has State Share in Charter Fund (Authori

Article 63. Invalidity of Transactions Concluded By Debtor

Article 64. Invalidity of Transactions Causing Losses to Creditors

Article 65. Invalidity of Debtor's Transactions Related To Preferential Satisfaction of Claims of Some Creditors over Others

Article 66. Invalidity of Transactions Related To Debtor's Legal Successors

Article 67. Consequences of Invalidity of Transaction

Article 68. Persons Entitled to File Application for Recognition of Transactions as Invalid

Article 69. Person who is Managing Debtor's Affairs

Article 70. Subsidiary Liability In Case of Incomplete Satisfaction of Creditors' Claims

Article 71. Persons Entitled to File Application for Bringing To Subsidiary Liability

Article 72. Rights of Person Subject To Subsidiary Liability

Article 73. Consideration of Application for Bringing To Subsidiary Liability

Article 74. Use of Right to Claim for Subsidiary Liability

Article 75. Execution of Judicial Act on Bringing To Subsidiary Liability

Article 76. Consideration of Application for Bringing To Subsidiary Liability outside the Framework of Insolvency Case

Article 77. Special Considerations with Respect to Conclusion and Approval of Settlement Agreement When Considering Application for Bringing

Article 78. Introduction of Monitoring Procedure

Article 79. Consequences of Introduction of Monitoring Procedure

Article 80. Mutual Settlement of Claims

Article 81. Restriction of Debtor's Rights during Monitoring Procedure

Article 82. Appointment of Temporary Manager

Article 83. Rights of Temporary Manager

Article 84. Obligations of Temporary Manager

Article 85. Notification on Introduction of Monitoring Procedure

Article 86. Analysis of Financial Condition of Debtor

Article 87. Establishing Amount of Creditors' Claims

Article 88. Convening First Meeting of Creditors

Article 89. Issues to be Considered by First Meeting of Creditors

Article 90. Decision of the First Meeting of Creditors to Apply To Court For Introduction of Judicial Rehabilitation Procedure

Article 91. Decision of the First Meeting of Creditors to Apply To Court to Introduce External Management Procedure, to Declare Debtor Bankr

Article 92. Termination of Monitoring Procedure

Article 93. Petition for Introduction of Judicial Rehabilitation Procedure

Article 94. Ensuring Fulfillment By Debtor of Obligations In Accordance With Debt Repayment Schedule

Article 95. Procedure for Introducing Judicial Rehabilitation Procedure

Article 96. Consequences of Introduction of Judicial Rehabilitation Procedure

Article 97. Rehabilitation Manager

Article 98. Rights of Rehabilitation Manager

Article 99. Obligations of Rehabilitation Manager

Article 100. Judicial Rehabilitation Plan and Debt Repayment Schedule

Article 101. Amendments to Judicial Rehabilitation Plan and Debt Repayment Schedule

Article 102. Early Completion of Judicial Rehabilitation Procedure

Article 103. Early Termination of Judicial Rehabilitation Procedure

Article 104. Completion of Judicial Rehabilitation Procedure

Article 105. Fulfillment of Obligations by Persons Who Provided Security

Article 106. Report on Results of Fulfillment of Obligations Arising From Security

Article 107. Consequences of Non-Fulfillment of Obligations by Persons Who Provided Security for Fulfillment of Obligations

Article 108. Procedure for Introducing External Management Procedure

Article 109. Consequences of Introduction of External Management Procedure

Article 110. Moratorium on Satisfaction of Creditors' Claims

Article 111. Procedure for Submitting Candidate for External Manager

Article 112. Appointment of External Manager

Article 113. Release of External Manager from Performance of Duties

Article 114. Rights of External Manager

Article 115. Obligations of External Manager

Article 116. Claims of Creditors

Article 117. Consideration of Objections of Creditors

Article 118. Disposition of Debtor's Property

Article 119. Refusal to Execute Debtor's Contracts

Article 120. Monetary Obligations of Debtor Arising In Course of External Management

Article 121. Regulation of Debtor's Expenses

Article 122. External Management Plan

Article 123. Consideration of External Management Plan

Article 124. Extension of Period of External Management

Article 125. Measures to Restore Solvency of Debtor

Article 126. Sale of Debtorʼs Enterprise (Business) as Property Complex

Article 127. Sale of Part of Debtor's Property

Article 128. Assignment of Rights of Claim of Debtor

Article 129. Fulfillment of Debtor's Obligations by Owner of Debtor's Property or by Third Party

Article 130. Placement of Additional Shares of Debtor

Article 131. Replacement of Debtor's Assets

Article 132. Report of External Manager

Article 133. Consideration of Report of External Manager

Article 134. Approval of Report of External Manager by Court

Article 135. Consequences of Issuing Ruling on Transition To Settlements With Creditors

Article 136. Consequences of Issuing Ruling on Commencement of Settlements with Creditors of Certain Priority

Article 137. Settlements with Creditors

Article 138. Repayment of Creditors' Claims

Article 139. Procedure for Terminating Powers of External Manager

Article 140. Opening of Liquidation Proceedings

Article 141. Consequences of Commencement of Liquidation Proceedings

Article 142. Liquidation Manager

Article 143. Publication of Information on Declaring Debtor Bankrupt and Initiating Liquidation Proceedings

Article 144. Rights and Obligations of Liquidation Manager

Article 145. Liquidation Plan

Article 146. Liquidation Estate

Article 147. Assessment of Debtor's Property

Article 148. Debtor's Accounts

Article 149. Satisfaction of Creditors' Claims Secured By Pledge of Debtor's Property

Article 150. Sequence of Satisfaction of Creditors' Claims

Article 151. Sale of Debtor's Property

Article 152. Sale of Debtor's Rights for Claim In the Process of Liquidation Proceedings

Article 153. Replacement of Debtor's Assets In Process of Liquidation Proceedings

Article 154. Settlements with Creditors

Article 155. Control over Activities of Liquidation Manager

Section 156. Release of Liquidation Manager

Article 157. Possibility of Transition to External Management

Article 158. Report of Liquidation Manager On Results of Liquidation Proceedings

Article 159. Property of Debtor Remaining After Repayment of Creditors' Claims

Article 160. Completion of Procedure for Liquidation Proceedings

Article 161. Procedure for Concluding Settlement Agreement

Article 162. Special Considerations with respect to Concluding Settlement Agreement in Insolvency Proceedings

Article 163. Formalizing Settlement Agreement

Article 164. Content of Settlement Agreement

Article 165. Conditions for Approval of Settlement Agreement by Court

Article 166. Consequences of Approval of Settlement Agreement By Court

Article 167. Refusal to Approve Settlement Agreement by Court

Article 168. Consequences of Refusal to Approve Settlement Agreement

Article 169. Invalidity of Settlement Agreement

Article 170. Consequences of Recognizing Settlement Agreement as Invalid

Article 171. Consequences of Failure to Comply with Settlement Agreement

Article 172. Special Considerations with Respect to Insolvency of City-Forming and Equivalent Enterpriseс

Article 173. External Management of City-Forming and Equivalent Enterprises

Article 174. Extension of Terms for Procedure of External Management of City-Forming Enterprise and Equivalent Enterprise

Article 175. Conditions for Sale of City-Forming Enterprise and Equivalent Enterprise

Article 176. Sale of Property of City-Forming and Equivalent Enterprise Declared Bankrupt

Article 177. Special Considerations with Respect to Insolvency of Agricultural Enterprises

Article 178. Special Considerations with Respect to Procedures for Monitoring, Judicial Rehabilitation and External Management of Agricultur

Article 179. Special Considerations with Respect to Sale (Assignment) of Property and Property Rights of Agricultural Enterprises

Article 180. Grounds for Declaring Bank as Insolvent

Article 181. Special Considerations with Respect to Consideration of Bank Insolvency Case

Article 182. Consideration of Insolvency Case of Insurer

Article 183. Sale of Property Complex of Insurer

Article 184. Right for Claim of Policyholders (Beneficiaries) In Case of Insurer's Insolvency

Article 185. Satisfaction of Claims of Creditors of Insurer

Article 186. Special Considerations with Respect to Insolvency of Professional Participants in Securities Market

Article 187. Requirements for Judicial Managers in Cases of Insolvency of Professional Participants in Securities Market

Article 188. Restrictions on Making Transactions By Professional Participant In Securities Market

Article 189. Special Considerations with Respect to Monitoring, External Management and Liquidation Proceedings in Insolvency Case of Profes

Article 190. Special Considerations with Respect to Insolvency of Developer for Shared Construction

Article 191. Identification of Losses Caused to Participants in Shared Construction

Article 192. Procedure for Satisfying Creditors' Claims in Shared Construction

Article 193. Liability of Developer

Article 194. Regulation of Insolvency of Natural Person

Article 195. Signs of Insolvency of Natural Person

Article 196. Grounds for Initiating Case on Insolvency of Natural Person

Article 197. Application for Recognition of Insolvency of Debtor who is Natural Person

Article 198. Documents to be Attached To Application of Debtor who is Natural Person

Article 199. Application of Creditor, State Tax Service or Other Authorized Body to Recognize Natural Person as Insolvent

Article 200. Special Considerations with Respect to Initiating and Considering Case on Declaring Natural Person Insolvent

Article 201. Satisfaction by Court of Application and Introduction of Procedure for Restructuring Debt of Natural Person

Article 202. Refusal to Satisfy Application for Declaring Natural Person Insolvent

Article 203. Claims of Natural Person Secured by Pledge

Article 204. Exclusive Powers of Meeting of Creditors In Case of Insolvency of Natural Person

Article 205. Consequences of Introduction of Procedure for Restructuring Debt of Natural Person

Article 206. Restriction of Powers of Debtor Who is Natural Person

Article 207. Procedure for Submitting Debt Restructuring Plan for Natural Person

Article 208. Requirements for Debt Restructuring Plan for Natural Person

Article 209. Content of Debt Restructuring Plan for Natural Person

Article 210. Documents to be Attached To Debt Restructuring Plan of Natural Person

Article 211. Consideration by Court of Debt Restructuring Plan for Natural Person

Article 212. Grounds for Refusal to Approve Debt Restructuring Plan for Natural Person

Article 213. Consequences of Approving Natural Personʼs Plan for Restructuring Debt

Article 214. Introducing Amendments to Plan for Restructuring Debt of Natural Person and Extending Term for Implementation of This Plan at I

Article 215. Introducing Amendments To Debt Restructuring Plan of Natural Person At Initiative of Meeting of Creditors

Article 216. Execution of Debt Restructuring Plan for Natural Person

Article 217. Early Termination of Procedure for Restructuring Debt of Natural Person

Article 218. Recognition of Natural Person as Bankrupt and Beginning of Sale of Their Property

Article 219. Sale of Property of Natural Person

Article 220. Special Considerations with Respect to Sale of Property of Natural Person

Article 221. Procedure for Satisfaction of Claims of Creditors of Natural Person

Article 222. Completion of Settlements with Creditors and Release of Natural Person from Obligations

Article 223. Reopening of Insolvency Case of Natural Person

Article 224. Consequences of Completion of Insolvency Case with Respect to Natural Person

Article 225. Special Considerations with Respect to Proceedings in Case of Insolvency of Natural Person in Connection with Conclusion of Set

Article 226. Special Considerations with Respect to Evading Execution of Transaction Concluded by Debtor Who is Natural Person

Article 227. Regulation of Insolvency of Individual Entrepreneur

Article 228. Signs of Insolvency of Debtor Who is Individual Entrepreneur and Application for Declaring Insolvent

Article 229. Debt Repayment Plan

Article 230. Property of Debtor, who is Individual Entrepreneur, which is Not to be Included in Liquidation Estate

Article 231. Invalidity of Transactions of Debtor Who Is Individual Entrepreneur

Article 232. Consideration by Court of Case On Insolvency of Debtor, who is Individual Entrepreneur

Article 233. Consequences of Declaring Debtor, who is Individual Entrepreneur as Bankrupt

Article 234. Enforcement of Court Decision On Declaring Bankrupt and Initiating Liquidation Proceedings

Article 235. Consideration of Creditors' Claims

Article 236. Procedure for Satisfying Creditors' Claims

Article 237. Release of Debtor Who is Individual Entrepreneur from Obligations

Article 238. Insolvency of Legal Entity under Liquidation

Article 239. Special Considerations with Respect to Consideration of Case On Insolvency of Legal Entity under Liquidation

Article 240. Consequences of Refusal to Liquidate Legal Entity by Way of Insolvency

Article 241. Special Considerations with Respect to Filing Application for Declaring Absent Debtor as Insolvent

Article 242. Consideration of Insolvency Case of Absent Debtor

Article 243. Unlawful Actions Resulting in Insolvency

Article 244. Settlement of Disputes

Article 245. Liability for Violation of Legislation On Insolvency

Article 246. Recognition as Invalid of Some Legislative Acts of The Republic of Uzbekistan or Some Parts Thereof

Article 247. Ensuring Execution, Communication, Clarification of Essence and Significance of Present Law

Article 248. Bringing Legislation into Line with Present Law

Article 249. Entry into Force of Present Law

Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz

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