Azerbaijan Gives Green Light To Fresh Approach For Electronic Auctions Of Debtor Property
Date
10/25/2024 7:13:05 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 25. A new procedure
for the electronic auction of debtor property related to the
enforcement of executive documents has been officially approved in
Azerbaijan, Trend
reports.
The decision was signed by the Chairman of the Board of the
Ministry of Justice of Azerbaijan, Minister Farid Ahmadov.
The document has been developed under the requirements of
Articles 61 and 62 of the Law of the Republic of Azerbaijan on
"Enforcement Proceedings." It outlines the process for specialized
enterprises to be commissioned by enforcement officials for the
sale of debtor property through electronic auctions, as part of the
execution of executive documents.
The Ministry's Main Department of Legislation has been tasked
with entering this decision into the State Register of Legal Acts
of the Republic of Azerbaijan.
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