Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27814
Authors: 
Schütze, Daniel
Year of Publication: 
2004
Series/Report no.: 
Arbeitsberichte der Hochschule für Bankwirtschaft 51
Abstract: 
Pledges on shares and stocks are common as securities for loans. New are the attempts by pledgees to sell pledges in public auctions. The questions regarding the requirements for such public auctions have not been answered either by Ge rman court decisions or literature. This fact helps the pledgees to buy the former pledges in public auctions themselves at a price much lower than their fair market value. This makes it necessary in the interests of the pledgor to show which formal requirements the law provides for public auctions. These formal requirements should prohibit pledges from being sold for less than their fair market value.
Subjects: 
auction
auction of equity participation
auction of the pledge
public auction of the pledge
public auction by a notary
public notice
examination of the pledge
data room
formal rules of a public auction
JEL: 
K00
K19
K22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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