DUSHANBE, June 5, Asia-Plus  -- A roundtable meeting to discuss amendments to the RT Law “On Bankruptcy” is opening in Dushanbe today.

Staged by Anticrisis Managers’ Association jointly with the State Committee for Investments and State-owned Property Management under financial and technical support of the USAID Business Environment Improvement (BEI) Project, the meeting aims to present addenda and changes to the law that have been worked out by experts from Anticrisis Managers’ Association (Association).   

            According to the Association, the meeting is expected to bring together representatives of government bodies, economic court, tax committee, entrepreneurs, heads of large industrial enterprises, as well as representatives of banks and international financial institutions active in Tajikistan to discuss the mentioned amendments.         

Improvement of the enacted bankruptcy legislation will allow entrepreneurs extending production and creating new jobs that will promote reduction in labor migration, rise in competitiveness and improvement of investment attractiveness of the country for domestic and foreign investors, the Association source said.   

We will recall that similar meeting, staged by the Association in partnership with the Khatlon directorate for investments and state-owned property management, was held in Qurghon Teppa in late May.  During the meeting, it was noted that the bankruptcy law adopted in 2002 already requires improvement.  The Qurghon Teppa meeting participants noted that enacted bankruptcy law impedes further development of small and medium-sized enterprises in the country.