Meeting their professional obligations, LLP, Credit Collection Group operates strictly within the law and guided by the existing legislative base of the Republic of Kazakhstan.
Based on the cession agreement of legal claim of debt or commission agreement, legal claim of debt is transferred to the LLP "Credit Collection Group.
STATUTORY LEGAL ACTS:
Civil Code of the Republic of Kazakhstan, Article 9. Civil rights
Civil Code of the Republic of Kazakhstan, Chapter 5. Representation
The Civil Code of the Republic of Kazakhstan 16. Concept and basis of commitment
The Civil Code of the Republic of Kazakhstan 17. Discharge of obligations
The Civil Code of the Republic of Kazakhstan 18. Enforcement of obligations
The Civil Code of the Republic of Kazakhstan 41. Order
The Civil Code of the Republic of Kazakhstan 37. Accounts receivable financing (factoring)
Law of the Republic of Kazakhstan "On State Regulation and Supervision of Financial Market and Financial Institutions"
UNIDROIT CONVENTION on International Factoring
Excerpt from the Civil Code of the Republic of Kazakhstan
Article 9. Civil rights
1. Protection of civil rights is done by the court, arbitration tribunal or the court of arbitration by means of: recognition of rights; restore the situation that existed before the violation of law; suppression of acts infringing the right or threatening to infringe it; awarding to discharge of duties specifically; the recovery of damages, penalties; declaring the transaction invalid ; moral damage compensation; termination or change of legal relations; invalidation or non-use not corresponding to the law the act of government or local representative or executive agency; recovery of penalty from the public agency or official for obstructing a citizen or legal entity in the acquisition or exercise of the right as well as other remedies provided by acts of legislation.
2. Appeal for protection of the infringed right to authority does not hinder from claimant of protection of the rights, if the acts of legislation provide otherwise.
3. In the cases expressly provided for in acts of legislation, the protection of civil rights may be realized by direct factual or legal actions of the person whose right is violated (Self-defense).
4. A person whose right has been violated may demand full compensation of losses, if the acts of legislation or the contract stipulate otherwise. Losses mean the expenses that are incurred or must be incurred by the person whose right is infringed, the loss or damage to property (real damage), as well as the revenues that this person would have received under normal conditions of turnover, if his right was not infringed ( loss of profits).
