Bishkek – On January 30, 2017 the Jogorku Kenesh held the Parliamentary Hearings on the draft laws on protection of property rights of of citizens and legal entities. In particular, they discussed amendments to the laws "On pledge", "On Bank Secrecy" and the Civil Code of the Kyrgyz Republic. At the hearings the issues of collateral to the loan relations between banks and borrowers were discussed. "In the past a citizen to receive a loan had to leave his house as a collateral to the bank. If he could not repay the loan, the bank took away his property. According to the amendments, this decision will be made only by a court decision." – said one of the initiators, Almanbet Shykmamatov. Earlier, on January 17 the draft laws were discussed by the Committee on the Constitutional Legislation, State Structure, Judicial and Legal Affairs and the Regulation of the Jogorku Kenesh. As a result of the discussion, the Committee took a decision "To recommend to the Parliament to pass the concept of the bills and adopt in the first reading."

Development and promotion of the draft laws is an example of successful cooperation between the Jogorku Kenesh and the Anti-Corruption Business Council of the Kyrghyz Republic. The parliamentary hearings are conducted with the support of the USAID Collaborative Governance Program as part of its activities aimed to promote the rule of law. More info at: www.azattyk.org  

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The initiators of draft laws aimed at the protection of the rights of ownership of citizens, and legal entities Almambet Shykmamatov, Deputy Chair of the Committee on the Constitutional Legislation, State Structure, Judicial and Legal Affairs and the Regulation of the Jogorku Kenesh, and head of the Working Group , Mirlan Jeenchoroev, Chair of the Committee for Public Order, Fight against Crime and Anti-Corruption Efforts, Tynchtykbek Konushbaev, member of the Committee for Transportation, Communications, Architecture and Construction during introductory speech

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Participants of the Parliamentary Hearings reviewing the proposed amendments to the bills

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The participants actively asking questions after review of the proposed changes

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During the discussion, members of the Parliament also raised substantive issues between banks and borrowers