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FEATURES OF THE SALE OF SHARES IN A CLOSED-END MUTUAL INVESTMENT FUND AT BANKRUPTCY AUCTIONS

... mutual investment fund. The courts of the first and cassation instances satisfied the requirements based on violation of the bidding form, failure to inform an indefinite range of potential buyers of the requirement to have the status of a qualified investor ... ... necessary for closed auctions on limiting the number of persons participating in the auction (only qualified investors). The Supreme Court of the Russian Federation referred the complaint of the winner of the auction to the board and emphasized the following ...

TRADING REPORTS MUST BE RELIABLE

In the framework of the bankruptcy case (No. A41-67999/19), a potential bidder applied to the court to challenge the auction for the sale of the debtor's ... ... description of each object put up for auction, and also does not indicate the necessary degree of detail of property data. The Supreme Court of the Russian Federation referred the complaints of the applicant and another potential participant to the board ...

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