Act for Worker Protection of Mass Redundancy Article 7

Agreements reached by the Negotiation Committee shall apply to all employees.Agreements concluded by the Negotiation Committee shall be published in written form and signed by all members of the Negotiation Committee or affixed with their seals.The competent authority shall, within 7 days from the date of conclusion of the agreement, submit the written agreement to the court having competent jurisdiction for its examination and approval.The court shall examine the aforesaid written agreement promptly and respond to the competent authority. In the case of disapproval, the reasons shall be provided.If the court approves an agreement that includes the payment of a specific sum of money, the provision of substitutes, or the transfer of valuable securities, such agreement shall constitute a legally binding obligation. Approved agreements of this nature may be enforced through compulsory execution, according to the established legal processes for enforcement of judgments.