Regulatory Alerts2016-04-05 | RESOLUCIONES DE DIRECTORIO N° 060/2016Added · Updated
Board Resolution No. 060/2016
The Board of Directors of the Central Bank of Bolivia amends the Regulation on the Disposal of Movable and Immovable Assets Transferred as Payment in Kind by the Liquidated Banks Sur S.A., Cochabamba S.A., and Banco Internacional de Desarrollo S.A., and other judicially adjudicated assets. The amendments extend the mandatory publication period for direct sales and public invitations from ten to fifteen business days prior to proposal submission. The revision introduces a weighted scoring system for proposal evaluation, mandates the signing of a Transfer Contract containing specific guarantees after payment, and expands the conditions under which a direct sale may be declared void, including partial payment defaults or withdrawal by the winning entity.
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