Order Amending the Procedure for Compulsory Enforcement of Decisions Considering Sanctions Legislation. The Main Essence is Establishing Mandatory Verification of the Debtor for Sanctions and Prohibiting Foreclosure on Property Subject to Sanctions.
Structurally, the order introduces amendments to:
– Instructions on the Organization of Compulsory Enforcement of Decisions (regarding sanctions verification and foreclosure restrictions)
– Order on Property Realization during Martial Law
The Main Innovations Concern Automated Verification of the Debtor through the State Sanctions Registry.
Key Provisions for Practical Application:
1. The Executor is Obliged to Check for Sanctions:
– when opening proceedings
– before funds withdrawal
– before property seizure
– before property valuation and sale
2. Foreclosure on Property Subject to Sanctions is Prohibited
3. If Sanctions are Detected after Property Transfer for Sale – the Executor Must Immediately Notify the Auction Organizer
4. The Order Comes into Effect upon Technical Readiness of the Automated System
(as it concerns enforcement proceedings and sanctions regime)
