FAQs

No, it’s not necessary to pay any deposit to sign up for an online auction.

Bidders and potential bidders must be duly registered on the LEILOSOC® portal before making any bidding. In the creation of an account on the leilosoc.com platform must contain all the identification elements necessary for the invoicing and / or preparation of the Contract-Promise of Purchase and Sale, such as name, address / headquarters, Number of B.I./Citizen card or permanent certificate and fiscal number. Upon completion of the registration, the client will be asked to confirm the email account. The confirmation is essential to validate the requested e-mail and be allowed to bid.
Registration is free of charge and does not involve any risk to the customer.

The asset is awarded to the highest bid if it is equal to or greater than the Estimate Value indicated in the auction. If the bid is lower, it will be considered as an Offer Register, and will be considered by the Insolvency Administration or the Seller.

ONLINE AUCTION consists on a series of procedures destined to the public sale of assets to the highest bidder. The bidders can present their offers by bidding on LEILOSOC® Worldwide’s website (www.leilosoc.com), only after registering.
All of LEILOSOC® Worldwide auctions are open to the general public and not only to professionals, establishing a direct relationship with the market in the valuation of the assets put on sale.

Yes. The minimum bid value, referred to as opening value, depends on the opening value of each batch and no bid below opening value is accepted.

In the case of properties, the actual possession is is usually granted following the signature of the Public Deed. In the case of movable assets, possession is effective at the time of the withdrawal of the items.

In the case of a property, with the completion and signature of the PSPS, there will be a place for the payment of 10% of the proposed value as a sign. The remaining amount, including the commission and the respective VAT, will be paid on the date of the public deed. In the event that it is a movable asset, there will be the payment of the total proposed value and respective VAT.

The signing of the PSPA must necessarily be realized immediately after the property is bought, ending the property. LEILOSOC® Worldwide will contact the buyer to sign the respective Purchase and Selling Promise Agreements.

The value of the sale is added to a commission for the services provided by LEILOSOC® Worlwide and the respective VAT, namely:
a. Real Estate: 5% on the proposed value and respective VAT (at the legal rate in force).
b. Movable Assets: 10% on the proposed value and respective VAT (at the legal rate in force).
c. Hereditary Shares and Rights (Use, Quotas, Moiety, Shares and Others): 10% on the proposed value and respective VAT (at the legal rate in force).
d. Commercial Establishment: 10% on the proposed value and respective VAT (at the legal rate in force).
e. Art: 15% on the proposed value and respective VAT (at the legal rate in force).
f. Specific cases will be indicated in the specific conditions of the auction and/or in the information area dedicated to the electronic auction or the particular product.

Yes, always. If otherwise, it will be notified to the interested parties.

The assets are sold in the state in which they are at the time of their disposal. Given that all real estate originating from insolvency proceedings/executives were once inhabited or held by the current insolvent mass/executed, and thus goods are used, it becomes essential to visit, so that the potential buyer can bid without reservations.

You can, on your own account. The assets are sold in the condition, physical and legal state in which they are, so LEILOSOC® Worldwide declines any responsibility regarding their state of conservation or operation. In this way, the photographs present on the site/brochure may not be sufficiently enlightening to make a fair assessment of the asset you intend to sell. It is therefore recommended to inspect the property or movable asset in advance.

Yes. Not only it’s possible, it’s encouraged. Assets should always be visited before any bidding is made. LEILOSOC® Worldwide is responsible for organizing the visits, which may have a pre-defined day or be scheduled with the auction manager. However, the buyer is responsible for the inspection of the goods, and the lack of this analysis cannot be attributed to LEILOSOC® Worldwide.

The assets present at auction may come from insolvency processes, executive processes, divestment processes or private sellers.

The assets present at auction may come from insolvency processes, executive processes, divestment processes or private sellers.

Information about the assets is available at leilosoc.com, and also in our newsletter, which you can subscribe to on our platform. You can also contact the colleague responsible for the property or movable asset, which is on the auction page of the property.

Creating an account at LEILOSOC® is completely free. The accounts are used to buy assets at auction. Buyers will only pay commission over granted lots.

All interested buyers must complete a previous registration at the leilosoc.com platform to participate. Registration validation is subject to confirmation of indicated personal data and communicated through a message sent to the client’s e-mail address and telephone number.

Yes. All personal and entrepreneurial data are secured and protected by a certified system.

Participants provide personal data during their registration used exclusively for auction’s execution purposes.

If consented by the participant, personal data will also be used to perform information and marketing activities from the platform, guaranteeing the security of the client’s personal data, who is protected by law.

Not always, as it depends on the seller.

If the seller is an insolvent estate, it is exempt by law from displaying a user license, energy certificate, or technical sheet, although these documents may exist. The property can be sold and registered without this documentation since being a judicial sale is an exception to the law.

However, if the bidder needs to display the documentation in question for any purpose, it is his responsibility to obtain it, as well as the inherent costs.

In cases where the properties come from a seller, bank, or similar, all documentation required by law to perform the sale is assured.

Yes. Participants are not limited in terms of bidding or auction participation.

However, we draw attention to the obligation of participants to bid responsibly.

 

Yes. All biddings are public and visible to all participants and visitors of the platform. However, bidders are only identified by a bidder’s number randomly attributed at every auction.

 

No. Assets from insolvent estates are sold in the physical and legal state in which they are found, free of encumbrances or charges, without guarantees of any defects that may arise or that eventually exist.

No. The auction’s result is communicated to the seller or insolvency administrator, who are responsible for all procedural steps. If the bids do not exceed the estimate sales value, and if the seller is an insolvent estate, it will be up to the trustee to notify the creditors so that they can pronounce accordingly, providing a period of 30 days for them to pronounce.

Even if the bidding exceeds the estimate sales value, it is necessary, however, to bear in mind that there are procedural situations that may determine a different result than expected, such as:

Exercise of preemptive rights;

Exercise of the right of redemption;

Verification of irregularity that dictates the invalidity of the sale.

The insolvency process begins when the debtor – individual or collective – cannot fulfil its obligations, whereby the procedural purpose results in the sale of the insolvent’s assets with a view to reimbursement of creditors.

 

Yes. If the sale is given without effect for reasons beyond the control of the bidder, all amounts paid referring to that same sale will be refunded in single.

No. Bids cannot be withdrawn. The bidder that fails to comply with its obligations, may be held civilly and criminally liable for damage caused.

It is the sale value of an asset or a group of assets that integrate a lot, as it was determined within the insolvency process, regulated by the insolvency and companies’ recovery code, or the value previously determined by the seller.