We are happy to offer you individual advice.
Qualified advice on the implementation of lien realization is based on many years of practical experience and legal requirements as well as extensive know-how in various subject areas and product classes.
Advice on individual cases is usually time-consuming. We ask for your understanding that we cannot provide such advice free of charge.
If you would like an individual telephone consultation, please send us the order form with your signature by fax or e‑mail.
We charge 270 euros plus VAT per hour of work or part thereof. The amount will be credited when a recovery order is placed. We will call you shortly after your bank transfer to carry out the consultation.
Publicly appointed, sworn auctioneers — institution and partners
In the German legal system, the generally publicly appointed, sworn auctioneer is the institution that is responsible for finding a fair solution for all parties in the short term in the event of default on contracts due to statutory or contractual pledges of rights. The legal position is defined as an extrajudicial, neutral authority between creditor and debtor. The publicly appointed, sworn auctioneer safeguards the rights of the parties involved. When carrying out this task, the auctioneer must observe the VerstV, BGB, HGB, GewO, PfandlVO, AktG and GmbHG. Compared to judicial seizure proceedings under the German Code of Civil Procedure (ZPO), the procedure is less standardized.
The implementing provisions for the bailiff or judicial officer — GVGA, Compulsory Auction Act or ZPO are not relevant for him. This freedom allows the procedure to be carried out in a pragmatic and commercially oriented manner. Many entrepreneurs, lawyers or private individuals often no longer have the advantages made possible by the consistent implementation of the pledge of rights “on their radar”.
As a “problem-solving institution”, DEUTSCHE PFANDVERWERTUNG is your reliable partner for the simple and effective processing of collateral enforcement in compliance with legal requirements.
About the publicly appointed, sworn auctioneer
Neutral authority
Public auctions are conducted on the basis of contractual or statutory pledges of rights. These pledges of rights come into force by law or contract. No further judicial review is required. The publicly appointed sworn auctioneer is sworn to be independent in the proceedings. He is the only authority in the realization process who must also protect the rights of the debtor in the proceedings.
Prerequisites
Public auctions (lien sales and distress sales) require special expertise and reliability because these auctions are ordered or carried out by force and because the respective owner of the auctioned property cannot influence the price and the minimum bid. The owner must therefore be able to rely on the fact that their property interests will be represented in a particularly qualified manner at the auction. Public auctions may therefore only be conducted by publicly appointed auctioneers. The appointment can be general or limited to certain types of auctions — e.g. special subject areas such as carpets, art, machinery, land (source: IHK Frankfurt).
Definition of public auction: If the requirements of Section 383 (3) BGB are met, an auction is considered a “public auction”. Public auctions must be announced to the public, stating the time, place and general details of the items in accordance with Section 1237 BGB. All persons with legal capacity must be given the opportunity to attend in person.
Qualification for public appointment
The prerequisite for public appointment is special expertise and professional experience. Special professional experience means that the auctioneer has worked as an auctioneer for several years (usually 5 years) and has conducted several auctions per year without any complaints. In most cases, the auctioneer has successfully completed a commercial apprenticeship, a degree from a university of applied sciences or a recognized university. Special expertise is understood to mean above-average specialist knowledge and experience. The publicly appointed, sworn auctioneer must be familiar with all relevant provisions of the Industrial Code, the Auctioneers Ordinance, the German Commercial Code (HGB), the German Civil Code (BGB), the German Stock Corporation Act (AktG) and the German Limited Liability Companies Act (GmbHG), insofar as these regulate the responsibilities, rights and obligations of an auctioneer. As a rule, he has successfully passed an IHK examination. Furthermore, the applicant must have a particularly reliable and trustworthy character (source: IHK Frankfurt).
Authorization to realize liens
The realization of a lien is a sovereign act and is carried out according to a regulated procedure. The auction must be held in public (§ 1235 BGB). The generally publicly appointed, sworn auctioneer is authorized to carry out the realization of liens. The auctioneer is authorized to realize all types of pledged objects and rights by public auction or, under special circumstances, by private sale. If the auctioneer is only publicly appointed and sworn in for certain types of auctions (e.g. machines, works of art or stamps), he may also only conduct auctions to a limited extent. If other persons are commissioned, there is no public auction within the meaning of Section 383 of the German Civil Code (BGB) The public auctioning of movable property and securities on the basis of statutory provisions (see: Marx/Arens, Der Versteigerer).
