diff --git a/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.kt b/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.kt
new file mode 100644
index 00000000000..46824a24cda
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.kt
@@ -0,0 +1,18 @@
+// FILE: J.java
+
+import java.io.Serializable;
+
+public class J {
+    public <T extends Cloneable & Serializable> J(T t) {}
+}
+
+// FILE: K.kt
+
+import java.io.Serializable
+
+// TODO: report TYPE_MISMATCH here as well
+fun cloneable(c: Cloneable) = J(c)
+
+fun serializable(s: Serializable) = J(<!TYPE_MISMATCH!>s<!>)
+
+fun <T> both(t: T) where T : Cloneable, T : Serializable = J(t)
diff --git a/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.txt b/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.txt
new file mode 100644
index 00000000000..4642ace35df
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.txt
@@ -0,0 +1,12 @@
+package
+
+public fun </*0*/ T : kotlin.Cloneable> both(/*0*/ t: T): J where T : java.io.Serializable
+public fun cloneable(/*0*/ c: kotlin.Cloneable): J
+public fun serializable(/*0*/ s: java.io.Serializable): J
+
+public open class J {
+    public constructor J(/*0*/ t: kotlin.Cloneable!)
+    public open override /*1*/ /*fake_override*/ fun equals(/*0*/ other: kotlin.Any?): kotlin.Boolean
+    public open override /*1*/ /*fake_override*/ fun hashCode(): kotlin.Int
+    public open override /*1*/ /*fake_override*/ fun toString(): kotlin.String
+}
diff --git a/compiler/tests/org/jetbrains/kotlin/checkers/JetDiagnosticsTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/checkers/JetDiagnosticsTestGenerated.java
index 58e0db3afeb..8af0bc22834 100644
--- a/compiler/tests/org/jetbrains/kotlin/checkers/JetDiagnosticsTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/checkers/JetDiagnosticsTestGenerated.java
@@ -9048,6 +9048,12 @@ public class JetDiagnosticsTestGenerated extends AbstractJetDiagnosticsTest {
                 doTest(fileName);
             }
 
+            @TestMetadata("genericConstructorWithMultipleBounds.kt")
+            public void testGenericConstructorWithMultipleBounds() throws Exception {
+                String fileName = JetTestUtils.navigationMetadata("compiler/testData/diagnostics/tests/j+k/genericConstructorWithMultipleBounds.kt");
+                doTest(fileName);
+            }
+
             @TestMetadata("GenericsInSupertypes.kt")
             public void testGenericsInSupertypes() throws Exception {
                 String fileName = JetTestUtils.navigationMetadata("compiler/testData/diagnostics/tests/j+k/GenericsInSupertypes.kt");
diff --git a/core/descriptor.loader.java/src/org/jetbrains/kotlin/load/java/lazy/types/LazyJavaTypeResolver.kt b/core/descriptor.loader.java/src/org/jetbrains/kotlin/load/java/lazy/types/LazyJavaTypeResolver.kt
index e4ba5c36074..7837b464ad1 100644
--- a/core/descriptor.loader.java/src/org/jetbrains/kotlin/load/java/lazy/types/LazyJavaTypeResolver.kt
+++ b/core/descriptor.loader.java/src/org/jetbrains/kotlin/load/java/lazy/types/LazyJavaTypeResolver.kt
@@ -28,22 +28,16 @@ import org.jetbrains.kotlin.load.java.components.TypeUsage.*
 import org.jetbrains.kotlin.load.java.lazy.LazyJavaAnnotations
 import org.jetbrains.kotlin.load.java.lazy.LazyJavaResolverContext
 import org.jetbrains.kotlin.load.java.lazy.TypeParameterResolver
-import org.jetbrains.kotlin.load.java.lazy.types.JavaTypeFlexibility.FLEXIBLE_LOWER_BOUND
-import org.jetbrains.kotlin.load.java.lazy.types.JavaTypeFlexibility.FLEXIBLE_UPPER_BOUND
-import org.jetbrains.kotlin.load.java.lazy.types.JavaTypeFlexibility.INFLEXIBLE
+import org.jetbrains.kotlin.load.java.lazy.types.JavaTypeFlexibility.*
 import org.jetbrains.kotlin.load.java.structure.*
 import org.jetbrains.kotlin.name.FqName
 import org.jetbrains.kotlin.platform.JavaToKotlinClassMap
 import org.jetbrains.kotlin.resolve.jvm.PLATFORM_TYPES
 import org.jetbrains.kotlin.types.*
-import org.jetbrains.kotlin.types.Variance.INVARIANT
-import org.jetbrains.kotlin.types.Variance.IN_VARIANCE
-import org.jetbrains.kotlin.types.Variance.OUT_VARIANCE
-import org.jetbrains.kotlin.types.checker.KotlinTypeChecker
+import org.jetbrains.kotlin.types.Variance.*
 import org.jetbrains.kotlin.types.typeUtil.createProjection
 import org.jetbrains.kotlin.types.typeUtil.replaceAnnotations
 import org.jetbrains.kotlin.utils.sure
-import java.util.*
 
 private val JAVA_LANG_CLASS_FQ_NAME: FqName = FqName("java.lang.Class")
 
@@ -168,19 +162,16 @@ class LazyJavaTypeResolver(
         }
 
         // We do not memoize the results of this method, because it would consume much memory, and the real gain is little:
-        // the case this method accounts for is very rare, not point in optimizing it
+        // the case this method accounts for is very rare, no point in optimizing it
         private fun getConstructorTypeParameterSubstitute(): KotlinType {
-            // If a Java-constructor declares its own type parameters, we have no way of directly expressing them in Kotlin,
-            // so we replace them by intersections of their upper bounds
-            val supertypesJet = HashSet<KotlinType>()
-            for (supertype in (classifier() as JavaTypeParameter).getUpperBounds()) {
-                supertypesJet.add(transformJavaType(supertype, UPPER_BOUND.toAttributes()))
-            }
-            if (supertypesJet.isEmpty()) {
+            // If a Java constructor declares its own type parameters, we have no way of directly expressing them in Kotlin,
+            // so we replace each type parameter with its representative upper bound (which in Java is also the first bound)
+            val upperBounds = (classifier() as JavaTypeParameter).upperBounds
+            if (upperBounds.isEmpty()) {
                 return c.module.builtIns.nullableAnyType
             }
-            return TypeIntersector.intersectTypes(KotlinTypeChecker.DEFAULT, supertypesJet)
-                        ?: ErrorUtils.createErrorType("Can't intersect upper bounds of " + javaType.getPresentableText())
+
+            return transformJavaType(upperBounds.first(), UPPER_BOUND.toAttributes())
         }
 
         private fun isRaw(): Boolean {