Legislative regulation of the institution of bankruptcy

The article deals with the provisions of the draft Federal law "on amendments to the Federal law" on insolvency (bankruptcy)" and certain legislative acts of the Russian Federation in terms of improving the procedure for the sale of property in bankruptcy", in particular: changing the mechanism of bidding by abolishing the tender, bidding through public offering and organization of bidding on the principle of "Dutch auction" (mixed bidding procedure), which provides that the bidding is carried out by successive stage-by-stage changes (increase in, decrease) the initial price for one step of the auction; expansion of the list of subjects capable to act as the organizer of biddings, and establishment of responsibility of the arbitration managing Director for observance of the order of tendering, including at involvement of the organizer of biddings to their carrying out; introduction of the obligation of the bidder to purchase property at the price specified in the bidder's application; establishment of the minimum size of the Deposit for participation in biddings, and also fixing of possibility of its transfer by the third party; determination of the initial sale price of the property on the basis of its liquidation value; limitation of the range of electronic platforms on which the auction can be held in electronic form in bankruptcy proceedings...