Article 297. Reduction of the penalty amount of the Civil Code of the Republic of Kazakhstan

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If the penalty to be paid (fine, fine) is excessively large in comparison with the creditor's losses, the court, at the request of the debtor, has the right to reduce the penalty (fine, fine), taking into account the degree of fulfillment of the obligation by the debtor and the interests of the debtor and the creditor that deserve attention.

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Republic of Kazakhstan

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