Encyclopedia

Auction organizer


The auction organizer — as the auction organizer, an external manager or a specialized organization engaged with the consent of the creditors' meeting or the creditors' committee for this purpose acts, and the payment for their services is made from the debtor's enterprise funds. The aforementioned organization should not be an interested party in relation to the debtor, creditors, or the external manager1.

  1. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on June 28, 2022, Article 110, paragraph 8 // Official Gazette of the Russian Federation. 2002. No. 43. Item 4190. ↩

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