Tag Archive: inso-168

BGH: No competitive auction between interested purchaser and secured creditor

The Federal Court of Justice (BGH, 22 April 2010, IX ZR 208/08) ruled that an insolvency administrator – when realising movable assets which are subject to a security interest – has no duty to notify the secured creditor a second time before the administrator may sell the assets to a third party for a price …

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