IN-PERSON AUCTION - HOW TO PARTICIPATE

The In-Person Auction consists of procedures aimed at the public sale of movable and immovable assets to the bidder offering the highest price. Learn more here.

If you wish to participate in an In-Person Auction, you must follow these steps:

1. Registration for the In-Person Auction

You must properly register for the In-Person Auction in which you wish to participate. You can register in the following ways:

• Online Registration – If you already have an account on Leilosoc.com, you can complete the Pre-Registration on the Auction page.

• In-Person Registration– Your registration for the Auction will be carried out on the day of the auction by LEILOSOC® staff.

This registration must include all identification details necessary for issuing the Invoice and/or drafting the Preliminary Purchase and Sale Agreement, such as name, address, C.C./B.I. number, and tax identification number.

By registering for the In-Person Auction, the interested party expressly declares that they know and accept the General Terms of Sale.

2. Payment of Deposit

• The deposit is worth € 1,000.00 (one thousand euros).

• The deposit must be paid via:
  • Cheque made out to ISEGORIA CAPITAL, S.A. (LEILOSOC® Worldwide)
  • Bank transfer in favor of ISEGORIA CAPITAL, S.A. (LEILOSOC® Worldwide) to IBAN PT50 0033 0000 4521 1483 8850 5.

After proper receipt of the proof and confirmation of the deposit payment, the bidder's pre-registration will be approved to bid exclusively in the In-Person Auction in which they registered.

3. Bidding

• By bidding, the bidder assumes all obligations and responsibilities arising from such act, namely to acquire the asset at the price offered, in accordance with the law and the General Terms of Sale.

• Bids must be made clearly, aloud, and with the paddle clearly visible, so as not to raise any doubts.

Pre-Bids

The In-Person Auction is normally preceded, except in exceptional cases, by a Pre-Bidding period, which starts 7 days before the auction date and ends 24 hours before it.

To participate in pre-bids, you must complete the Pre-Registration for the Auction and pay the deposit of € 1,000.00. The Pre-Registration will be approved after sending the Proof of Payment.

If the deposit payment is made by cheque, it must be sent to the following address:

ISEGORIA CAPITAL, S.A. (LEILOSOC® Worldwide)

Attn: Finance Department

Rua D. João IV, 340

4000-298 Porto

If the deposit payment is made by bank transfer, the respective transfer proof must be sent to the following email: [email protected], with the subject: Proc. (insert case number) // Insolvent (insert Insolvent's name) - Proof of Deposit Payment.

After sending the Proof of Deposit Payment, your Pre-Registration will be approved. Once approved, you can participate in pre-bids, as well as in the In-Person Auction.

It is important to remember that pre-bids do not guarantee the award of the assets, and we advise attending on the day of the auction to ensure your best bid!

Article by Isabel Meireles by LEILOSOC® dated May 28, 2024.