Regulatory Alerts2016-03-21 | RESOLUCIONES DE DIRECTORIO N° 050/2016Added · Updated
Board Resolution No. 050/2016
The Board of Directors of the Central Bank of Bolivia amends the Regulation on the Disposition of Movable and Immovable Assets Transferred as Payment in Kind by the Liquid Banks Sur S.A., Cochabamba S.A., and Banco Internacional de Desarrollo S.A., and other judicially adjudicated assets. The amendments establish procedures for the direct sale of real estate to public sector entities, including specific requirements for public invitations, evaluation criteria based on state objectives, and payment terms allowing up to 60 days for settlement. Additionally, a new Chapter VII authorizes the sale of shares received through debt payment or judicial adjudication via stock agencies or over-the-counter mechanisms, with specific provisions for shares subject to trading restrictions.
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