RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of May 12, 2004 No. 553

About approval of regulations on payment procedure of work of interim (anti-recessionary) managers in proceeedings about economic insolvency (bankruptcy)

According to Item 11 of the Presidential decree of the Republic of Belarus of November 12, 2003 "About some questions of economic insolvency (bankruptcy)" the Council of Ministers of the Republic of Belarus DECIDES: No. 508

1. Approve the enclosed Regulations on payment procedure of work of interim (anti-recessionary) managers in proceeedings about economic insolvency (bankruptcy).

2. This resolution becomes effective since May 19, 2004.

Approved by the Resolution of Council of Ministers of the Republic of Belarus of May 12, 2004 No. 553

Regulations on payment procedure of work of interim (anti-recessionary) managers in proceeedings about economic insolvency (bankruptcy)

1. This Provision establishes payment procedure of work of interim (anti-recessionary) managers (further - the managing director) for implementation of the powers in procedures of economic insolvency (bankruptcy) in the relation:

the city-forming or equated to them organizations;

state organizations;

the legal entities and individual entrepreneurs having the state and international orders;

other debtors on whom state bodies declared the petition before economic court appointment of managing directors from among the candidacies proposed by them.

The specific conditions and payment procedure of work of the managing director determined according to this Provision are established in the contract which is signed with it by state body after approval of its candidate by economic court.

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