RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of July 26, 1999 No. 362

About additional measures for implementation of the legislation on bankruptcy of the companies

In pursuance of the Presidential decree of the Republic of Uzbekistan of July 23, 1999, No. UP-2342 "About Enhancement of the Mechanism of Bankruptcy and Sanitation of the Companies" and Item 2 of the Resolution of Oliy Majlis of the Republic of Uzbekistan of August 28, 1998 "About enforcement of the Law "About Bankruptcy", and also for the purpose of activation of processes of liquidation of the companies declared bankrupt, the Cabinet of Ministers decides No. 669-I:

1. Specify to Committee on cases on economic insolvency of the companies, the Supreme Economic Court the unsatisfactory organization of work on accomplishment of the resolution of the Cabinet of Ministers of November 2, 1998 No. 460, to implementation of liquidation and carrying out sanitation of economically insolvent companies, realization of property of the bankrupt companies.

2. Concerning bankruptcy and sanitation of the companies with participation of Committee on cases on economic insolvency of the companies, the ministries, departments, concerns, corporations, associations and the companies following the results of 1 half-year 1999 it is deep to government commission to analyze financial and economic provision of the unprofitable companies, to determine the specific list of the unpromising companies which are subject to liquidation critically to review earlier adopted agendas of liquidation, sanitation and reshaping of the companies with the state ownership ratio and to report on the Cabinet of Ministers following the results of 9 months on results of the carried-out work of this year.

3. excluded

4. To agency on management of the state assets of the Republic of Uzbekistan:

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