The terms of reference, established in court prior to the sale at the behest of
the earliest bidder,shall reproduce in full the sale agreement that gave rise to the bid and
security interests previously recorded as well as objections regularly notified following
publication of the voluntary sale of theenterprise, or during the forced sales.
Within exactly fifteen(15)daysfrom thebidding,thebiddershall publish, at his expense, in a
newspaper empowered to publish legal notices and circulating where the seller is registered in
the Register of Commerce and Securities, a notice stating the place and date of the judicial
sale as well as modalities for consulting the terms of reference. Passed this deadline, the bid
shall automatically be void and null and the sole bidder shall pay for all related costs without
prejudice to the suit for damages possibly for an unreasonable bidding.
No new objection may be filed during the bidding process.
Unofficial translation
Spot-checked
In force from 15 December 2010
Source page 52