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Duties and responsibilities

Duties and responsibilities of the Supervisory Board shall include:
1.1. Approval of the regulation governing its activity;
1.2. Establishment and formation of personal composition of the Secretariat;
1.3. Preparing and approval of the Regulation on the Secretariat;
1.4. Supervision of activity of the Secretariat and generalization of statements submitted by the Secretariat regarding progress and results of financial restructuring procedures;
1.5. Establishment and formation of the personal composition of the Arbitration Committee;
1.6. Approval and amending of the List of Arbitrators;
1.7. Approval and amending of the arbitration rules and arbitration fees;
1.8. Approval of guidelines and requirements to the documents necessary for conduct of the financial restructuring procedure, which are submitted to the Secretariat or
distributed by the Secretariat, as well as to the report on inspection of debtor’s financial and commercial activity;
1.9. Preparing and approval of requirements to the independent experts;
1.10. Review of the Secretariat’s reports on the following issues progress and results of a financial restructuring procedure, use of funds received from the entities envisaged by the Law for the purposes of financing activity of the Secretariat, proposals on improvement of conduct of a financial restructuring procedure;
1.11. Approval of the guidelines regarding conduct of a financial restructuring procedure.
2. Requirements for qualifications of the Chairman of the Secretariat, deputy chairman and employees of the Secretariat are prescribed in Appendix 1 to these Rules.
3. Requirements for qualifications of the personal composition of the Arbitration Committee are prescribed in Appendix 2 to these Rules

The project is funded by a grant received from the European Bank for Reconstruction and Development under the Shareholder Special Fund.
The project is implemented by the administrative and financial support of NABU.