National Assembly delegation gives comments on the draft Law on property auction

(Baonghean.vn) - On the afternoon of October 12, the Provincial National Assembly Delegation held a conference to contribute ideas to the draft Law on Property Auction. Comrade Tran Van Mao - Deputy Head of the Provincial National Assembly Delegation chaired the conference.

Attending the conference were comrade Nguyen Thanh Hien - Deputy Head of the Standing Delegation of the Provincial National Assembly, deputies of the 14th National Assembly of Nghe An province, representatives of relevant departments, branches and auction centers in the province.

Conference overview.

The Draft Law has a structure of 8 chapters with 81 articles stipulating principles, order, procedures for property auctions, auctioneers, property auction organizations, auction service fees, property auction costs, handling of violations, cancellation of property auction results, compensation for damages and state management of property auctions.

Comrade Tran Van Mao - Deputy Head of the Provincial National Assembly Delegation chaired the conference.

At the conference, many delegates were interested in discussing whether or not to add regulations on auctioning bad debts and collateral of bad debts of the Vietnam Asset Management Company (VAMC) and other asset management companies.

Supplementing and adjusting contents related to the Law on Auction will create a legal basis for auction work to be carried out more effectively. Illustration photo: Internet.

In Article 34, Clause 4 stipulates that "property auction organizations shall publicly announce the property auction as prescribed in Article 57 of this Law at the request of the person whose property is being auctioned", however, according to many delegates, Article 57 of this Law stipulates that publicity is mandatory.

Many delegates also said that in Chapter 2, Article 12, which stipulates that people are exempted from auction training, some other subjects should be added, such as professors, experts teaching in this field, etc.

Delegates contribute opinions to the Draft Law on Property Auction.

On behalf of the Provincial National Assembly Delegation, Comrade Tran Van Mao acknowledged and highly appreciated the delegates' comments. At the same time, these comments will be compiled by the Provincial National Assembly Delegation and submitted to the National Assembly Standing Committee in the coming time.

Phuong Thao