INSOLVENCY LAW IN THE REPUBLIC OF UZBEKISTAN: LEGAL ANALYSIS AND JUSTIFICATION

In this article studied and analyzed history of insolvency law of Uzbekistan, issues of protection of the entrepreneurs’ rights, restoring solvency of the debtor and satisfaction of creditors' claims with the use of insolvency procedures in accordance with the bankruptcy law of the Republic of Uzbekistan. In addition, when determining the signs of insolvency, it was analyzed that monetary obligations and debts on mandatory payments should be taken into account, and claims arising from labor relations should not be grounds for initiating bankruptcy proceedings.