Article 165. Conditions for Approval of Settlement Agreement by Court

The settlement agreement may be approved by the court only after the repayment of expenses and satisfaction of the requirements provided for by the first part of Article 150 of this Law, and the requirements for payment documents providing for the issuance of funds for the labor payments.

The debtor, external manager or liquidation manager, within five days from the date of signing the settlement agreement, must submit to the court an application for approval of the settlement agreement.

The application for approval of the settlement agreement must be accompanied by:

text of the settlement agreement;

protocol of the meeting of creditors that decided to conclude a settlement agreement;

register of claims of the debtor's creditors;

documents confirming the repayment of expenses and satisfaction of the requirements specified in part one of this article;

written objections of creditors who did not take part in the voting on the issue of concluding a settlement agreement or voted against the conclusion of a settlement agreement.

Other documents may be attached to the application for approval of the settlement agreement in accordance with the legislation.

The court shall notify the interested parties of the date of consideration of the settlement agreement. The failure of the notified persons to appear shall not prevent the consideration of the insolvency case.