Organization of public bidding

LEX Law Firm renders services in the field of public bidding of the mortgaged property in extrajudicial procedure. We have highly professional employees with extensive experience in the field of preparation and conduction of public bidding for the implementation of collateral property (extrajudicial procedure).

We are working with the mandatory compliance with the requirements of the law on the organization and conduction of the auction. Working for many years without any violations, in strict accordance with the legislation, we deserve only positive reviews about our activities.

In the service of the public auction includes:

• preparation and holding of the first and repeated public auctions in accordance with the requirements of the legislation of the Kyrgyz Republic;
• preliminary analysis of the documents submitted by the pledgee for their compliance with the legislation of the Kyrgyz Republic;
• negotiating with the pledger and persons interested in purchasing the subject of pledge;
• publication in the media of information about the upcoming auction;
• sending information about upcoming auctions to the pledger;
• placement of information about auctions on the subject of pledge;
• acceptance of guarantee contributions from citizens;
• conducting the bidding procedure itself;
• distribution of proceeds from the sale of the subject of pledge in accordance with the legislation of the Kyrgyz Republic;
• drawing up and sending a report on the conducted auctions to the pledger and to the Bank;
• preparation of all related documentation for the organization and conduct of public auctions (minutes, acts, etc.);
• provision of services of an organizer of auctions throughout the territory of the Kyrgyz Republic.

Our Firm guarantees the quality and is responsible for the services provided by the auction organizer.