AUCTIONEER SHALL NOT BE ENTITLED TO DISCLOSE INFORMATION ABOUT AUCTION PARTICIPANTS
On October 16, 2018, the Ministry of Justice issues the Circular No. 14/2018/TT-BTP on issuing professional ethics of auctioneers.
Accordingly, the auctioneer shall not be allowed to collude or intrigue with both the owner of the property sold at auction and the auction participants. He/she shall be banned from giving or receiving any monetary amount, property or benefits from an owner of the property sold at auction to create fraudulent auction results. An auctioneer shall not be entitled to disclose information about auction participants and bids that they have submitted. An auctioneer also shall be prohibited from discriminations between auction participants.
This Circular also states that auctioneers shall be obliged to participate in the task of guiding auctioneer trainees or interns and shall not ask for any material or spiritual benefit from them.
Absolute prohibited the personally discriminate against trainees or interns or make use of an instructor’s position to force them to perform duties in order to obtain personal gains.
This Circular takes effect on December 12, 2018.
