In the 23 January 2013 edition of newspaper “Dienas Bizness”, Maris Liguts, Attorney at Law of TARK GRUNTE SUTKIENE talks about the necessity to introduce electronic auctions, which would help eliminating fraudulent behaviour during movable and immovable property auctions.
The current Insolvency Law states that the first auction is organized with the bottom-up step and the second with the top down. Therefore a certain group of people has realized the nuance that makes it possible to buy almost any property for only 10% of its value.