Article 22. Creditors' participation in rehabilitation and bankruptcy proceedings The Law on Rehabilitation and Bankruptcy

     1. During the rehabilitation and bankruptcy proceedings, the interests of all creditors are represented by a creditors' meeting established in accordance with this Law.

     2. The creditor has the right to appeal the court's decision, the administrator's action during the rehabilitation procedure or bankruptcy procedure, if these decisions or actions infringe on his legitimate interests.

The Law of the Republic of Kazakhstan dated March 7, 2014 No. 176-V SAM.

     This Law regulates public relations arising from the debtor's inability to satisfy creditors' claims in full, establishes the grounds for applying debt restructuring procedures, rehabilitation procedures and declaring the debtor bankrupt, liquidating the debtor without initiating bankruptcy proceedings, and also defines the procedure and conditions for their conduct.

President    

Republic of Kazakhstan     

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