LAW OF THE KYRGYZ REPUBLIC

of July 7, 2016 No. 103

About introduction of amendments to the Law of the Kyrgyz Republic "About bankruptcy (insolvency)"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 2, 2016

Article 1. Bring in the Law of the Kyrgyz Republic "About bankruptcy (insolvency)" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 1997, No. 11, the Art. 537) the following changes:

1) in the subitem 1 of Item 2 of Article 1 of the word "banks and other financial credit institutions" shall be replaced with words "the financial credit institutions which are not attracting deposits";

" "The first or second priority" to exclude 2) in the subitem 8 of Item 2 of Article 17 of the word;

And "one month" to replace 3) in Article 27-16 of the word of "one month" respectively with words of "ten calendar days" and "ten calendar days";

4) in paragraph one of Item 1 of Article 27-22 of the word of "entry into force of the decision on recognition of the debtor by the bankrupt" shall be replaced with words "the appointment";

Item 8 of Article 55 to state 5) in the following edition:

"8. Within restructuring of the debtor of its license, trademarks and copyright are transferred to again formed legal entity on the same conditions under which were issued to the debtor.";

The second the subitem 2 of Item 2 of Article 71 of the word" (except for banks)" to exclude 6) in the paragraph;

Item 1 of article 75 after the word "reality" to add 7) with the words "and legality";

8) in Item 6 of Article 86:

a) in paragraph one of the word "expenses on the funds raised during preservation of bank" to exclude;

b) to add paragraph two after the words "from alienation of liquidating weight" with words "if other is not established by creditor meeting (extrajudicially) and (or) court (judicially)";

"This Law" shall be replaced with words 9) in item 4 of Article 91 of the word "Article 99 of the Civil code of the Kyrgyz Republic";

Paragraph two of Item 3 of Article 95 to declare 10) invalid;

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