Public auc­tions due to sta­tu­to­ry liens and other explo­ita­ti­on rights

When rea­li­zing claims on the basis of sta­tu­to­ry liens and other rights of rea­liza­ti­on, the advan­ta­ge for the cre­di­tor lies in the sim­pli­fied pro­ce­du­re.

Apart from the case of Sec­tion 371 (3) HGB, the rea­liza­ti­on of the pledge is not depen­dent on the pled­gee having an enforceable title against the owner. In the event of default in pay­ment, the rea­liza­ti­on of the cla­im and/or cle­arance can be initia­ted imme­dia­te­ly through the rea­liza­ti­on of the lien wit­hout the need for judi­cial dun­ning and legal pro­cee­dings.

If the realization of collateral
is time-critical and confidential:
Contact us.