A Russian bankruptcy auction organiser manages the legal sale process: notices, applications, admission decisions, winner selection and result protocols. The role is distinct from the electronic-platform operator, which supplies the technical system while the organiser makes the procedural decisions for a specific auction.
Administrator or specialist
The insolvency administrator may organise the auction or engage a specialised organisation under statutory conditions.
Not the platform operator
The organiser controls content and decisions; the operator supplies infrastructure and records electronic actions.
Open competitive sale
Notices, document access and buyer outreach should support competition and a properly justified price.
Quick self-check
- Confirm the approved sale terms and the organiser’s authority.
- Verify accreditation and absence of conflicts for an engaged organisation.
- Compare the federal-register notice with the platform card.
- Check uniform application requirements and admission deadlines.
- Reconcile protocols, participant notices and the published result.
Who May Organise the Auction
Under Article 110 of Federal Law No. 127-FZ, the insolvency administrator may act as organiser or a specialised organisation may be engaged in the statutory manner. Where a separate organisation is paid from estate funds, Article 20.3 requires SRO accreditation and absence of conflicts with the administrator, debtor and creditors.
The approved sale terms should identify the specialised organisation and engagement conditions where the administrator does not perform the role directly.
Organiser, Platform Operator and Appraiser
The organiser prepares the notice, receives applications, reviews documents, decides admission, runs an open-price auction, identifies the winner and signs protocols. The platform operator provides registration, electronic document exchange, time stamping and technical availability.
Notices, Applications and Asset Access
The organiser publishes the Article 110 sale notice, receives applications and price proposals and verifies deposits and documents. Published requirements must be applied consistently.
The organiser must take reasonable steps to find buyers and provide access to the property and title documents, including inspection, photography and copying.
Protocols, Winner and Result Notice
The process produces an admission protocol and a result protocol. The winner is determined under the published criterion. Participants receive the electronic result protocol no later than the working day after signature.
Within fifteen working days after the result protocol or failed-auction decision, the organiser publishes the outcome in the prescribed sources.
Audit File for an Auction
- court order and approved sale terms;
- engagement agreement and accreditation evidence;
- federal-register and platform notices;
- applications, bidder documents and deposits;
- admission protocol;
- price-proposal log;
- result protocol and notices;
- sale contract and payment records.
Ministry of Economic Development Order No. 495 governs the electronic path from the organiser’s auction request to publication of the result.
| Role | Core function | Do not confuse with |
|---|---|---|
| Auction organiser | Procedural decisions, notices, applications and protocols | Not automatically the platform operator |
| Platform operator | Technical system and electronic audit trail | Does not set sale terms for the organiser |
| Insolvency administrator | Manages realisation and may organise the auction | Engaging a specialist does not transfer the entire case role |
| Appraiser | Provides valuation where required | Does not admit bidders or select the winner |
| Winner | Offers the best price under published rules | Receives a contract right after protocol and compliance |
Frequently Asked Questions
Must the insolvency administrator always act as organiser?
No. A specialised organisation may be engaged if the approved terms and accreditation, independence and expense rules are satisfied.
How does the organiser differ from the platform?
The organiser makes legal decisions for the auction; the operator runs and records the electronic environment.
May the organiser change terms after publication?
Material terms must match the approved sale procedure and notice. Any change needs proper legal and public documentation.
Who checks deposits and bidder documents?
The organiser reviews the application and decides admission; the platform transmits and records the electronic materials.
What follows failed first and repeat auctions?
For ordinary assets, Article 139 generally moves to a public offer unless a special sale regime applies.
Official Sources
- Article 20.3 of Federal Law No. 127-FZ.
- Article 110.
- Article 139.
- Ministry of Economic Development Order No. 495.
Related guides: challenging an auction, sale of a business and asset valuation.
Need to Review Auction Documents?
An initial consultation can compare the sale terms, notices, applications and protocols without promising an outcome.
BOOK AN INITIAL CONSULTATIONThis material is general information as at 28 August 2026. Changes scheduled for 2027 are not presented as current law.