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Supreme Court of Russia specified when the FAS cannot intervene in bankruptcy auctions

The Supreme Court of Russia considered a case in which one of the potential buyers of the debtor's property made a decision to complain to the Federal Antimonopoly Service. The applicant was not satisfied with the fact that the bankruptcy trustee did not allow him to participate in bidding, referring to the failure to provide the necessary documentation. The lower courts took opposite positions, but the Supreme Court of the Russian Federation put an end to the issue. The question concerned the...

What actions should not be taken by bankruptcy trustee when bidding

... larger amount for the lot. It was not possible to confirm the alleged malfunctions on the platform. Later it turned out that the company encountered technical difficulties. It subsequently submitted an application and won the auction, but belatedly. The OFAS considered such behavior of the trustee to be inconsistent with the law and held him accountable, having explained to the failed winner that he had a right to challenge the result of the auction ( decision of the Tula OFAS of Russia in case No. 071/10/18....

A CASE ON VIOLATION OF LAW ON ADVERTISING BY BANKRUPTCY LAWYERS IS CONSIDERED IN KEMEROVO

... books of one of the employees and director, which contained information about their experience in the field of bankruptcy. However, both of them were hired by the company only in 2020, and the company itself was registered in the same period. Thus, the OFAS for the Kemerovo region came to the conclusion that the company violated the advertising legislation, since the length of service in other companies did not play a role in the case under consideration. The company was issued a warning for the violation....

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