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XVIII. DISPUTE RESOLUTION PROCEDURE


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XVIII. DISPUTE RESOLUTION PROCEDURE.

18.1. All disputes and disagreements that may arise from the Charter and the Founding Agreement and related to it will be resolved by mutual agreement by the participants based on the current laws of the Republic of Uzbekistan, the Charter and the Founding Agreement.


18.2. If the disputes and disagreements in the first part of this article cannot be resolved through mutual agreement, then they will be resolved by the economic court of the Republic of Uzbekistan.
XIX. TERMINATION AND REORGANIZATION OF SOCIETY.
19.1. Termination of the activity of the society is carried out in accordance with the procedure established in Articles 53-56 of the Civil Code of the Republic of Uzbekistan.
19.2. Reorganization of the society is carried out by the decision of the General Meeting of the Founders in accordance with the procedure established by law, by adding, merging, dividing, separating, and reorganizing it.
19.3. Community:
- According to the decision of the General Meeting of Founders;
- It is terminated by the decision of the commercial court on the grounds provided for in the legislation of the Republic of Uzbekistan.
19.4. Liquidation of the Company is carried out by the General Meeting of Founders, and in cases of liquidation by the commercial court, by the liquidation commission appointed by these bodies, in agreement with the state registration office of the Company.
19.5. The General Meeting of Founders must immediately notify the body that registered it in writing about the decision to liquidate the Society, the state registration body will enter the information that the Society is in the process of liquidation into the unified state register.
19.6. From the moment of appointment of the Liquidation Commission, the powers of management of the Society are transferred to it.
The liquidation commission participates in court on behalf of the Society.
19.7. The liquidation commission publishes a notice about the liquidation of the company and the procedure and time limit for the statement of demands by its creditors in the press bodies where the information about the state registration of the company is printed. This period cannot be less than two months from the time of publication of the notice of termination.
19.8. After the expiration of the deadline set by the creditors for filing claims, the liquidation commission draws up an interim liquidation balance sheet and approves it in agreement with the state registration body of the Company. This balance includes information on the composition of the Company's property, the list of creditors' claims, and the results of their consideration.
19.9. Settlement with creditors is carried out in accordance with the procedure established by law.
19.10. After settlement with the creditors, the liquidation commission draws up the liquidation balance sheet, approves it at the General meeting of the founders or in agreement with the state registration body of the Company.
19.11. The assets of the Society remaining after satisfying the demands of the creditors shall be given to its Founder in accordance with his shares in the Charter Fund, unless otherwise specified in the legislation.
19.12. The liquidation commission shall be financially responsible for the damage caused to society and third parties in accordance with the civil legislation of the Republic of Uzbekistan.
19.13. The liquidation is completed, and the Company is considered to have terminated its activity only after the corresponding entry is made in the state registration register of the body that registered it.

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