Security Transfer Agreement Germany

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4.1 Sales methods in general. In your jurisdiction, what methods are common for a seller to sell receivables to a buyer? What is the usual terminology – is it called sales, transmission, assignment or something else? 3.6 Is it possible to take guarantees on shares in companies registered in your country? Are the shares certified? Can such a guarantee actually be granted on the basis of a legally tainted document in New York or England? In short, how`s it going? 6.1 Are there any requirements for deduction or withholding of taxes on (a) interest on loans to domestic or foreign lenders, or b) the proceeds of a debt derived from a guarantee or income from the execution of the guarantee? Firstly, the seller, as the author of the claims, is responsible for complying with the German consumer protection legislation. A violation of consumer protection legislation may impair the validity or applicability of the underlying claims and agreements and give debtors retraction rights. Compliance with existing consumer protection legislation is therefore verified by the buyer through due diligence. In addition, it is market practice for the seller (author) to provide assurances and guarantees as to compliance with existing consumer protection legislation. Special consumer protection laws apply, for example. B for consumer loans or debt contracts entered into at the debtor`s place of residence or by remote communication and/or where the debt contracts are based on the seller`s general terms and conditions. 4.12 Family Security. Do additional formalities need to be done so that the security that results can be transferred at the same time as the sale of debts? If not all associated warranties can be transferred enforceably, what methods are generally used to provide the buyer with the benefits of such security? 6.1 Action stay. When the seller is the subject of an insolvency proceeding following a sale of otherwise advanced debts, the insolvency right of your jurisdiction automatically prohibits the buyer from recovering, transferring or otherwise exercising property rights on the acquired claims? If so, what is the general duration of this action? Does the judicial administrator have the opportunity to maintain the collection and enforcement measures until he discovers that the sale is being refined? Would the answer be different if the buyer was considered only a guaranteed party and not the owner of the claims? 5.2 Seller Safety.