GENERAL DESCRIPTION OF THE PROTECTION MECHANISMS FOR THE RIGHTS OF CREDITORS OF THE REORGANIZED LEGAL ENTITY

Author:

Kutlimuratov Farkhad,

Abstract

One of the main issues in the reorganization of legal entities is the protection of the rights and interests of its creditors. This is due to the fact that the reorganization of a legal entity mainly affects the interests of creditors and jeopardizes the exercise of their rights. For this reason, it is important to set clear deadlines for notifying the creditor before the reorganization process begins. In addition, it is necessary to reconsider the usual procedure for informing the creditor about these processes, to increase the creditor’s interest in informing about the beginning of the reorganization, and to introduce a public procedure for notifying. A legal entity that has been notified during the reorganization process can sue the legal entity to which it belongs and maintain a legal relationship with the reorganized legal entity. This is an important tool in the legislation to protect the rights of creditors.

Publisher

Tashkent State University of Law

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