of October 15, 1997 No. 75
ABOUT ENFORCEMENT OF THE LAW OF THE KYRGYZ REPUBLIC "ABOUT BANKRUPTCY (INSOLVENCY)"
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on September 22, 1997
Article 1. Enact the Law of the Kyrgyz Republic "About bankruptcy (insolvency)" from the moment of publication.
Article 2. Recognize invalid:
The law of the Kyrgyz Republic "About bankruptcy" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, N 3, the Art. 104);
The resolution of Jogorku Kenesh of the Kyrgyz Republic of January 15, 1994 N 1436-XII "About procedure for enforcement of the Law of the Kyrgyz Republic "About bankruptcy" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 1994, N 3, the Art. 105).
Article 3. To the government of the Kyrgyz Republic in three-months time:
prepare and make in Jogorku Kenesh of the Kyrgyz Republic offers on reduction in compliance with the Law of the Kyrgyz Republic "About bankruptcy (insolvency)" legal acts;
bring the decisions into accord with the Law of the Kyrgyz Republic "About bankruptcy (insolvency)".
Article 4. Determine that the Law of the Kyrgyz Republic "About bankruptcy (insolvency)", enacted by this Law, is applied by courts by hearing of cases about bankruptcy on which production is initiated after the introduction of the Law of the Kyrgyz Republic "About bankruptcy (insolvency)" in force.
President of the Kyrgyz Republic
A. Akayev
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