Article 14-1. General Financial Agreement with the participation of the Development Bank of the Law on the Development Bank of Kazakhstan

Home / RLA / Article 14-1. General Financial Agreement with the participation of the Development Bank of the Law on the Development Bank of Kazakhstan

The parties to the general financial agreement with the participation of the Development Bank shall carry out (apply) offset of claims and (or) liquidation netting for the transaction (transactions) under the general financial agreement in accordance with the procedure and on the terms defined in the general financial agreement.

A net claim that has arisen (calculated) as a result of offsetting claims and (or) liquidation netting carried out (applied) in accordance with the procedure and conditions defined in the general financial agreement is satisfied on a general basis in accordance with the rules for settlements with creditors established by this Law and the civil legislation of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated April 25, 2001 No. 178.

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