Article 345. Suspension or termination of executive proceedings

The court, upon the statement of the recoverer, the debtor, or the state enforcement officer may suspend or terminate the execution proceedings initiated by the state enforcement officer on the basis of a writ of execution issued by the court, in cases provided by law.

Executive proceedings initiated under a writ of execution issued by an economic court shall be suspended or terminated by the same court or by a court at the location of the state enforcement officer.

A statement on suspension or termination of the execution proceedings shall be considered by the court within twenty days from the day of receipt of the statement by the court without summoning the parties and court proceedings.

A ruling shall be issued based on the results of consideration of the statement on suspension or termination of the execution proceedings, a copy of which shall be sent to the recoverer, the debtor and also the state enforcement officer.

The ruling may be appealed against (protested) within ten days from the day of its issuance.