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LAW OF THE REPUBLIC OF MOLDOVA

of June 3, 2004 No. 177-XV

About interpretation of Article 226 of the Insolvency act No. 632-XV of November 14, 2001

Based on Item c) article 66 of the Constitution of the Republic of Moldova the Parliament adopts this organic law.

The regulation of Article 226 of the Insolvency act N 632-XV of November 14, 2001 is applied in case of the processes of insolvency initiated judicially.

The processes of insolvency of banks initiated till February 15, 2002 are regulated according to the legislation existing at the time of initiation of these processes.

 

Chairman of the parliament

Eugenia Ostapcuc

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