Article 99. Cancellation of measures of securing the claim

Measures of securing the claim upon a petition of the person participating in the case may be cancelled by the court considering the case. The issue of cancellation of measures of securing the claim shall be resolved in the court session.

The persons participating in the case shall be notified of the time and place of holding the court session in the manner prescribed by article 127 of this Code. However, their failure to appear shall not preclude the consideration of the cancellation of measures of securing the claim.

A ruling shall be made on the results of consideration of the issue on cancellation of measures of securing the claim.

A copy of the ruling shall be sent to the persons participating in the case no later than the day following the day of its adoption.

When the claim is satisfied, the measures of securing the claim shall remain till the actual execution of the judicial act.

When the claim is refused, left without consideration or the proceedings on the case are terminated, the measures of securing the claim shall remain till the entry into legal force of the corresponding judicial act. However, the court is entitled to issue a ruling, simultaneously with adoption of the stated acts or after their adoption, on cancellation of the measures of securing the claim.

The ruling of a court of arbitration on refusal to satisfy the claim shall be the basis for the cancellation of the measures of securing the claim by the economic court.

An arbitration decision to refuse to satisfy claims is the basis for the economic court to cancel interim measures.

The ruling on the cancellation of measures of securing the claim may be appealed against (protested).