25.01.2011

The ministry of economic development of the Russian Federation on the procedure of selling property

On 19 January 2011, the Ministry of Economic Development of the Russian Federation distributed a letter clarifying the procedure for applying the Federal law of 28 December 2010 N 429-FZ “On changes to the Federal law ‘On insolvency (bankruptcy)’”, concerning the possibility of holding electronic auctions when realizing property as part of bankruptcy proceedings.
The letter confirms the legality of carrying out electronic auctions in realizing property as part of bankruptcy proceedings.

 

Full text of the letter