RESOLUTION OF PRESIDIUM OF THE SUPREME ECONOMIC COURT OF THE REPUBLIC OF UZBEKISTAN

of August 24, 1995

About recommendations of the Supreme Economic Court of the Republic of Uzbekistan about initiation of proceedings of bankruptcy

Presidium of the Supreme Economic Court of the Republic of Uzbekistan, having considered the recommendations about initiation of proceedings of bankruptcy in court prepared by department of instructing, generalization of court practice and codification of the legislation

DECIDES:

1. The recommendations about initiation of proceedings of bankruptcy in court prepared by department of instructing, generalization of court practice and codification of the legislation of the Supreme Economic Court of the Republic of Uzbekistan to approve.

2. Charge to department of instructing, generalization of court practice and codification of the legislation to distribute the above-named recommendations about initiation of proceedings of bankruptcy to economic court of the Republic of Karakalpakstan, economic courts of areas.

3. It is more often to economic court of the Republic of Karakalpakstan, economic courts of areas to analyze practice of hearing of cases about bankruptcy, by results of generalization to inform the Supreme Economic Court on the new questions arising during application of the Law of the Republic of Uzbekistan "About bankruptcy".

Recommendations about initiation of proceedings of bankruptcy in court

Transition of Uzbekistan to the market relations and the constitutional fixing of this provision demanded legal regulation of activities (bankruptcy) of the companies.

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