Pledge of rights and rights of realization of the merchant pursuant to § 371 HGB Right of satisfaction
§ Section 371 HGB
(1) The creditor is authorized by virtue of the right of retention to satisfy his claim from the retained object. If a third party has a right to the object against which the right of retention can be asserted pursuant to section 369 (2), the creditor shall have priority with regard to satisfaction from the object.
(2) Satisfaction shall be effected in accordance with the provisions of the German Civil Code applicable to the pledge of rights. The period of one month specified in section 1234 of the Civil Code shall be replaced by a period of one week.
(3) If satisfaction does not take place by way of compulsory enforcement, it shall be admissible only after the creditor has obtained an enforceable title for his right to satisfaction against the owner or, if the object belongs to him, against the debtor; in the latter case, the provisions of the Civil Code relating to the owner on satisfaction shall apply mutatis mutandis to the debtor. In the absence of an enforceable title, the sale of the object is not lawful.
(4) The action for permission to satisfy the claim may be brought before the court in whose district the creditor has his general place of jurisdiction or the place of jurisdiction of his place of business.
According to § 397 HGB, the commission agent has a statutory pledge of rights from the goods on commission, including the costs, advances and commissions used on the goods. The prerequisite for this is that he is in possession of the goods, in particular that he can dispose of them by means of bills of lading, consignment bills or warehouse receipts (see Marx/Arens Der Auktionator, 2004, p. 274).
