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

... an unlawful requirement. The board of the court of appeal, on the contrary, found that the antimonopoly body did not have such powers. The district court, however, agreed with the first instance, after which the applicant filed a complaint with the Supreme Court of Russia. The Economic Board noted that bankruptcy auctions do not pursue the goal of developing competition. Therefore, the participation of the FAS may become an obstacle to the timely satisfaction of the interests of the debtor's creditors. The legality of holding such auctions is controlled by the ...

Should a bankruptcy trustee report the arrest of property during bidding?

The complaint of the failed buyer of the debtor's property was submitted to the Supreme Court of the Russian Federation for consideration. The house and the land plot of the latter were put up for an auction by the bankruptcy trustee, after which the only participant, an individual entrepreneur, responded to the application. However, having paid a deposit, he found out that the property was under arrest in a criminal case and made a decision to abandon the deal,...

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