Article 22. Judicial Managers

Persons with a higher education, work experience of not less than two years, as well as those who have passed attestation in an authorized state body, may be appointed as judicial managers.

A judicial manager may also be a lawyer who meets the requirements of part one of this article and has a license specializing in conducting civil and economic court cases.

The following may not be appointed as judicial managers:

interested parties in relation to the debtor or creditors;

persons with an incomplete or unexpunged conviction record;

persons recognized by the court as incapable;

individual entrepreneurs or natural persons in respect of whom the insolvency procedure has been introduced;

persons who earlier, while performing the duties of a judicial manager, caused damage to the debtor, creditors and did not compensate for those damage;

persons whose term of validity of the certificate of a judicial manager was terminated (annulled) and (or) temporarily suspended (for the period of temporary suspension of the validity of the certificate of a judicial manager) by decision of the authorized state body;

persons in respect of whom there are restrictions on the implementation of activities for managing the affairs and (or) property of other persons (persons deprived of the right to engage in such activities).

The court, according to the grounds specified in paragraph three of this article, shall refuse to appoint a candidate recommended for the judicial manager or release the judicial manager from performing duties if there is evidence submitted by the persons participating in the insolvency case.

The judicial manager must, within ten days from the date of their appointment by the court as judicial manager, insure their liability for the event of harm to the persons participating in the insolvency case.

The requirements specified in paragraph five of this Article shall not apply to judicial managers implementing the simplified insolvency procedure.

The meeting of creditors shall have the right to demand that the judicial manager conclude an insurance contract for the debtor's property.