LAW OF THE AZERBAIJAN REPUBLIC

of February 24, 2015 No. 1214-IVQD

About introduction of amendments to 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:

In 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) to make the following changes:

1. In the fourth paragraph of Article 1 of the word "performing activities in the past" shall be replaced with words "with the suspended activities".

2. To state part 1 of Article 9 (except for the Items "a"-"g") in the following edition:

"1. In case of purpose of judicial review on the case of bankruptcy, for the notification of creditors the applicant no later than seven days before date of judicial review shall publish twice the announcement of this judicial review in the official periodic printing publication. In the announcement the following shall be specified:".

3. Under Article 13:

3.1. in the second offer of part of 1 word of "one month" shall be replaced with words "15 days";

3.2. in the Item "an" of part 2 of figure "14" to replace with figure "7", in the Item of the word "in the official organ of periodicals published in the Azerbaijan Republic" shall be replaced with words "in the official periodic printing publication", "7" to replace figure with figure "3".

4. In the Item of part 2 of Article 15 and part "an" of Article 21 of the word "in the official organ of periodicals published in the Azerbaijan Republic" shall be replaced with words "in the official periodic printing publication".

5. Under Article 25:

5.1. add part 1 with the second offer of the following content:

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