Administrative liability for breaching debt term to be abolished
Contractual relations are governed by civil law, and entities that fail to meet their obligations are liable under the terms of the contract or civil law.
The Ministry of Justice has developed a draft law “On amendments to the Administrative Responsibility Code”.
The project envisages the following changes:
ꞏ overdue accounts receivable and accounts payable;
ꞏ violation of the deadlines for making payments with the appropriate funds in the accounts of enterprises;
ꞏ administrative liability for property damage to business entities as a result of non-performance or improper performance of contractual obligations is abolished.
Currently, the Administrative Responsibility Code also provides for administrative liability for non-fulfillment of obligations by the parties to the contract.
This leads to the imposition of two sanctions on the parties to the contract for non-performance of the obligation, namely, administrative and property liability.
The bill has been submitted to the Legislative Chamber for consideration, the Justice Ministry said in a statement.
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