News & Insights

Breakfast Briefing at UGGC Avocats – Auction Sales – The Defaulting Buyer: Prevention, Protection and Remedies

The default of a winning bidder in an auction is a concrete risk, with sometimes heavy financial and legal consequences, that voluntary sales operators unfortunately encounter very frequently in their business.

The default of a winning bidder in an auction is a concrete risk, with sometimes heavy finaThe default of a successful bidder in auction sales is a very real risk, often entailing significant financial and legal consequences, and one that voluntary sales operators unfortunately encounter on a frequent basis in their practice.

UGGC Avocats is hosting a breakfast event in partnership with SYMEV, aimed at providing a practical overview and sharing feedback on the following topics:

  • Preventing the risk of non-payment
  • Contractual frameworks to manage non-payment risk
  • Measures to address such risk, including the re-auction mechanism and
  • Available debt recovery actions

Laure Assumpçao, Partner in Art Law, and Manon Sberro, Associate, will lead this morning of discussions with SYMEV members.