Article 971 Federal Labor Law

The auction shall be carried out in accordance with the following rules:

I.On the day and hour indicated it shall be carried out at the premises of the corresponding Court;

II.It shall be carried out by the judge, who shall declare it open;

III.The judge shall grant a waiting period, which may not exceed half an hour, to receive bids; once it has elapsed, no new bidders shall be admitted, unless it is the plaintiff or the attached party himself;

IV.The judge shall qualify the bids, and shall grant fifteen minutes between bid and bid;

V.The plaintiff may appear at the auction as bidder, presenting his bid in writing, without the need to comply with the requirement referred to in article 974 of this Law; and

VI.The judge shall declare the auction finalized in favor of the best bidder.