INTRODUCTION

This ILD is a follow up to the recent ILD publication No.409 titled auctioned assets Part I, which covered types of auctions, classification of assets and the parties involved.

Part II of this ILD series, focuses on the procedures for organizing auctions as regulated under two main regulations, namely: Minister of Finance Regulation No. 93/PMK.06/2010 on Guidelines to Conduct Auctions (“Guidelines”) and Director General of State Assets Regulation No. PER-03/KN/2010 on Technical Guidelines on Auctions by the Director General of State Assets (“3/2010 Regulation”).