Kalikova & Associates provided expert assistance to the Ministry of Economy of the Kyrgyz Republic in drafting amendments introducing maximum rates of interest on overdue salaries
Kalikova & Associates provided expert assistance to the Ministry of Economy of the Kyrgyz Republic in drafting the bill proposing amendments to the Labor Code and the law of the Kyrgyz Republic on assuring timely payment of salaries, pensions, allowances and other social benefits. The bill introduces maximum rates of interest on overdue salaries to balance the interests of employers and employees.
The bill passed through first reading in the Parliament on March 12, 2015.