Success of any compulsory auction depends largely on a qualified support, including a qualified representation in court proceedings. Besides offering decisive legal advice throughout the entire proceeding, a detailed preparation of the court sessions as well as legal knowledge about the complex proceeding itself and negotiation skills in court are inevitable in order to achieve the best commercial outcome. This high degree of specialisation required to capably represent the creditor’s interests in
The high degree of specialisation required to capably represent the creditor’s interests in compulsory auction proceeds is only offered by few law firms in Germany. We are one of them.
For years our law firm has specialised in the field of compulsory auctions, and mainly specialised on the interests of the creditors (mostly banks), our law firm has specialised in the field of compulsory auctions.
). We formed a department specialised onthat specialises in real estate compulsory auctions, comprising both lawyers and paralegals, who constantly work to broaden and deepen their knowledge and expertise inwith custom in-house courses.
We have successfully represented our client’s interests in about 1000 compulsory auctions proceedings and even more court sessions throughout Germany.
In order to achieve the best possible economic results for our clients, we ensure that our clients are “in charge” of the proceedings and, for example, supervise the redemption of possible senior ranking claims or arrangements with other bidders.
Working closely together with our clients, we prepare exploitation concepts and assist in the formation of respective exploitation entities. Our services in this regard include the preparation and execution of bidding PoA’s as well as standstill and satisfaction agreements (Liegenbelassungs- und Befriedigungserklärungen).
Besides negotiating with prospective bidders, we provide specific advice on the process of compulsory auctions proceedings and the rules and provisions which need to be adhered to in the course of respective court sessions in order to ensure that only reliable and economically feasible bids are made. Thereby, we achieve the best commercial results for our clients.
Moreover, we also advise potential bidders, irrespective of their legal form, i.e. private partnerships, limited companies, but also foreign entities, which intend to acquire German real estate properties.
In order to enforce our clients’ claims in the best possible ways, our services also comprise immediate enforcement proceedings on the side of the creditor.