Article 22. Privatization of state-owned property through a public invitation to negotiations

The privatization of state-owned property by means of a public invitation to negotiations shall be carried out by an Authorized government body or a professional consultant on the basis of a permit from an Authorized government body in several stages based on its nature.

The Authorized government body, for the participation of all interested parties, in accordance with the established criteria, shall publish an announcement on the acceptance of applications from applicants for the acquisition of state property.

A notice of a public invitation to negotiations shall be published in accordance with article 35 of this Law. At the same time, the starting price of state-owned property is not disclosed.

The applications for the acquisition of state-owned property expressing interest in the acquisition of State-owned property received in accordance with the announcement shall be accepted from applicants.

Information on the process of privatization of state-owned property shall be provided to applicants by an Authorized government body or a professional consultant engaged by it. The information shall specify the deadlines for submitting optional price offers for the purchase of state property, as well as the procedure and conditions approved by the Authorized government body.

A non-disclosure agreement shall be signed with applicants who have submitted applications for the acquisition of state property.

The applicants who have signed a non-disclosure agreement shall be given the opportunity to familiarize themselves with preliminary data containing information necessary for the preparation of proposals for the privatization of state property.

The proposals submitted by the applicant for an optional purchase price of state property, as well as the applicant's compliance with the stated criteria, shall be studied by an Authorized government body and (or) a professional consultant, and based on the results of the study, a decision is made on the transition of applicants to the next stage.

The participants who have passed the next stage, an Authorized government body or a professional consultant, shall recieve information in electronic or paper form on the timing, procedure and appropriate conditions for submitting binding price proposals for the acquisition of state-owned property for this process of privatization of state property.