Article 113. Release of External Manager from Performance of Duties

An external manager may be released by the court from the performance of duties in the following cases:

according to their application;

failure to perform or improper performance of the duties assigned to them, on the basis of a decision of the meeting of creditors. The decision of the meeting of creditors in this case must contain information about the candidacy for the new external manager;

based on the application of the authorized state body;

revealing circumstances in accordance with Articles 22 of this Law that prevent the appointment of a person as an external manager.

An external manager may be released from the performance of duties in other cases in accordance with the legislation.

The court ruling on the release of the external manager from the performance of duties shall be subject to immediate execution and may be appealed (protested). An appeal (protest) against the said ruling shall not suspend its execution.