OREANDA-NEWS. On April 07, 2008 the Regulation on repayment of some undisputed state debts to the participants of privatization at the expense of state securities in joint-stock companies, subject to privatization, has come into force.
 
According to the document, undisputed debts are the state debts not repaid in time. Lenders, having right to demand repayment of undisputed debts may be the citizens and legal entities of Moldova, foreign legal entities and individuals which participated in privatization process.

Undisputed state debts to the parties of privatization are repaid at the expense of governmental securities in joint stock companies included into the list of SC subject to privatization, in which state share does not exceed 25% of equity.

In order to arrange repayment of the debts, the Agency of public property at the Ministry of economy and commerce creates commission, which includes three representatives of the Agency and one representative from the Ministry of economy and commerce, Finance and Central authorities each, which control the state shareholdings in SC involved in the process of repaying undisputed state debts.

Undisputed debts, generated due to failure to fulfill decisions on privatization of property for vouchers, are repaid at the expense of state securities in joint-stock companies. In case of cancellation of contracts on privatization of objects, compensated cost is established at a rate of the initial price of the object.

Amounts subject to repayment on the decision of judicial instance, in case of dissolution or invalidity of the treaty, will be repaid by the shares of joint-stock companies, the value of which would be determined on the basis of the amount of equity of the company by the date of the last financial report, and should be not less than the face value.