Regulation
Provision

Provision

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APPROVED
by the founder of the "Auction House of the Riga Arbitration Court"
at a general meeting of members of society "Association of Alternative Dispute Resolution"
meeting of the
June 6, 2014, Protocol № 06.06. - 2014/2 

 

Provision

On the organization of the Auction House of the Riga Arbitration Court 

 

 

1. The founder of the "Auction House of the Riga Arbitration Court" (hereinafter: Auction House) is a society of "Association of Alternative Dispute Resolution".


2. The work of the "Auction House" is carried by the appointed chairman, hereinafter: the Chairman of the Auction House of the Riga Arbitration Court. 


3. The chairmanship of the Auction House of the Riga Arbitration Court shall be appointed and approved by a board member of society "Association of Alternative Dispute Resolution".


4. The Chairman of the Auction House shall perform the administrative functions. 


5. Internal office work of the Auction House shall be performed by the Head of the Chancellery of the Riga Arbitration Court.


6. The Chairman of the Auction House and the Head of the Chancellery of the Riga Arbitration Court perform their duties honestly and in good faith, undertake to preserve the confidentiality of the information and data made known to them in the performance of their duties. The functions of the head of the Riga Arbitration Court in the auction process can be performed by the Chairman of the Auction House.


7. The Chairman of the Auction House, on behalf of organizations concludes necessary agreements with organizations and individuals to carry out activities of the Auction House. 


8. The Chairman of the Auction House conducts the auction independently and on his own. He also may invite and appoint specific specialists to conduct auctions in accordance with the regulations "Auction House Riga of the Riga Arbitration Court”.

 
 

 

 

Riga, June 6, 2014

Member of the Board of the society "Association of Alternative Dispute Resolution"
Jurijs Ņikuļcovs