Article 133. Consideration of Report of External Manager

The external managerʼs report shall be considered by the meeting of creditors, which is convened not later than ten days after the expiration of the external management procedure or not later than fifteen days after the grounds for early termination of external management arise, or not later than one month in the event of a meeting of creditors being convened at the request of persons (bodies) having the right to convene a meeting of creditors.

The external manager shall be obliged to notify all creditors of holding a meeting of creditors to consider the report of the external manager in the manner prescribed by Article 14 of this Law.

The external manager shall be obliged to provide the creditors with the opportunity to familiarize themselves with the report of the external manager not less that fifteen days before the expiration of the external management procedure or not less than ten days before the date set for convening the meeting of creditors.

Based on the results of consideration of the report of the external manager, the meeting of creditors shall have the right to adopt one of the following decisions:

on applying to the court with a petition to terminate the external management procedure in connection with the restoration of the debtor's solvency and the transition to settlements with creditors;

on the conclusion of a settlement agreement;

on applying to the court for an extension of the term of the external management procedure;

on applying to the court for declaring the debtor bankrupt and initiating liquidation proceedings.