| Janek Pool, president of the National Chamber of Judicial Officers and Trustees in Bankruptcy of the Republic of Estonia, outlines asset sales in Estonia, at a seminar themed on "the Future of Judicial Sales" at the World Enforcement Conference on Jan 22. He explains that property is often distrained by the bailiffs. It can be auctioned if there is something that the bailiff can't handle. An electronic way would be prioritize in case of auction. The property is sometimes sold to people in special fields. All trading, including the transfer of stock shares, is recorded in a central database. In addition, he said that Estonia passed bankruptcy laws in 2016 and all affairs of judicial sales and bankruptcy are conducted online, which decreased the enforcement period by 44 percent. [Photo/court.gov.cn] |
