of January 3, 2023 No. 239-Z
About questions of transfer under temporary external management
Accepted by the House of Representatives on December 21, 2022
Approved by Council of the Republic on December 21, 2022
Article 1. Legal entities of the Republic of Belarus – the commercial organizations, owners of property (participants (shareholders)) of which are persons from foreign states (further – the commercial organizations), can be transferred under temporary external management according to decisions regional, Minsk city executive committees (further – the decision on temporary external management) according to the procedure, determined by Council of Ministers of the Republic of Belarus.
Transfer under temporary external management is possible in cases:
if management of the commercial organization executive and (or) other governing bodies is actually stopped;
if executive and (or) other governing bodies of the commercial organization economically frivolous actions which can lead to the actual termination of activities, liquidation and (or) bankruptcy of such commercial organization, damnification of the commercial organization are performed;
in other cases determined by Council of Ministers of the Republic of Belarus.
The purposes of temporary external management are exception of the unreasonable termination of activities of the commercial organizations, damnifications to their labor collectives and ensuring normal profitable work of the commercial organizations.
Temporary external management is established for a period of up to 18 months from the date of decision making about temporary external management.
Temporary external management is not entered concerning the commercial organizations which are in process of the liquidation which is carried out according to the decision of economic court or registering body or in the procedures applied in course of production on the case of insolvency or bankruptcy.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.