Article 178. Special Considerations with Respect to Procedures for Monitoring, Judicial Rehabilitation and External Management of Agricultural Enterprises

The procedures for monitoring, judicial rehabilitation and external management of an agricultural enterprise shall be introduced for a period until the end of the corresponding period of agricultural work, with account taken of the time required for the sale of marketable agricultural products. In this respect, the term of the monitoring procedure cannot exceed three months, and the term of the procedures of judicial rehabilitation and external management cannot exceed the term established by paragraph three of Article 108 of this Law.

If during the period of the procedure of judicial rehabilitation or external management there was a decline in production and deterioration of the financial condition of the agricultural enterprise due to natural disasters and other force majeure circumstances, the period of the procedure of judicial rehabilitation or external management may be extended by twelve months.

Early termination of the judicial rehabilitation procedure in accordance with the requirements of Article 103 of this Law can be carried out only taking into account the end of the relevant period of agricultural work and the time required for the sale of agricultural products.

The external management procedure shall not be introduced in relation to an agricultural enterprise which has the status of a legal entity.