of October 6, 2015 No. 1353-IVQD
About modification of the Law of the Azerbaijan Republic "About insolvency and bankruptcy"
Being guided by Item 10 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:
Part 2 of article 2 of the Law of the Azerbaijan Republic "About insolvency and bankruptcy" (Collection of the legislation of the Azerbaijan Republic, 1997, No. 6, Article 460; 2001, No. 1, Article 25, No. 6, Article 362; 2002, No. 5, Article 241; 2006, No. 3, Article 225; 2007, No. 5, Article 401; 2008, No. 5, Article 348; 2010, No. 4, Article 276; 4, Article 355) to state 2015, to No. in the following edition:
"2. This Law extends to all commercial (except for banks) and non-profit organizations.
This Law does not extend to the Central bank of the Azerbaijan Republic.
The concept "debtor" used in this Law concerns to physical and legal persons debtors.
The joint-stock investment fund and the insurer appear the bankrupt taking into account requirements both this Law, and, respectively, the Laws of the Azerbaijan Republic "About investment funds" and "About insurance activity".".
President of the Azerbaijan Republic
Ilham Aliyev
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