Glossary entry (derived from question below)
Portuguese term or phrase:
leilão negativo
English translation:
the auction resulted in a negative outcome / the auction did not succeed
Added to glossary by
Mario Freitas
Aug 13, 2020 11:54
3 yrs ago
21 viewers *
Portuguese term
leilão negativo
Portuguese to English
Law/Patents
Law (general)
Judicial Auction
"O leilão restou negativo, tendo sido determinada a expedição de carta precatória para tentativa de venda na comarca de XXX."
The auction is one of the measures established in a bankruptcy proceeding. I tend to believe it is just a term for an unsuccessful auction, however I see it is very specific, so I´d like to ask the opinion of my colleagues.
Reference on "leilão negativo":
https://www.legjur.com/jurisprudencia/busca?q=leilao-negativ...
Thnak you!
The auction is one of the measures established in a bankruptcy proceeding. I tend to believe it is just a term for an unsuccessful auction, however I see it is very specific, so I´d like to ask the opinion of my colleagues.
Reference on "leilão negativo":
https://www.legjur.com/jurisprudencia/busca?q=leilao-negativ...
Thnak you!
Proposed translations
(English)
4 | the auction resulted in a negative outcome / the auction did not succeed |
Mario Freitas
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4 | The minimum asking price was not met |
Douglas Bissell
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2 +2 | passed-in auction |
Alessandro Nogueira
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Change log
Aug 18, 2020 14:48: Mario Freitas Created KOG entry
Proposed translations
49 mins
Selected
the auction resulted in a negative outcome / the auction did not succeed
Sugestão
4 KudoZ points awarded for this answer.
Comment: "Hello, Mario, thank you.
Yes, that´s the idea... It seems only NZ has a specific terminology to it."
2 hrs
The minimum asking price was not met
Covers various possibilities
+2
2 hrs
passed-in auction
Sugestão, mas apenas dependendo da localização para a qual o documento será enviado
https://realestatetalk.com.au/property-industry-leader-talks...
http://www.searchmortgages.net.au/adelaide/auctions-no-bids-...
https://realestatetalk.com.au/property-industry-leader-talks...
http://www.searchmortgages.net.au/adelaide/auctions-no-bids-...
Peer comment(s):
agree |
Mark Robertson
: This term is only used in New Zealand and Australia.
20 mins
|
Thanks, Mark! Indeed, you are right. This term is used in New Zealand and Australia only, thus the location where the document should be sent has to be taken into account for term selection.
|
|
agree |
Ana Luiza Brown Rodrigues
1 day 9 hrs
|
Obrigado, Ana!
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Discussion
LIVRO III - Do processo
TÍTULO III - Do processo de execução
SUBTÍTULO II - Da execução para pagamento de quantia certa
CAPÍTULO I - Do processo ordinário
SECÇÃO IV - Pagamento
SUBSECÇÃO IV - Venda
DIVISÃO III - Venda judicial
Artigo 901.º - (Praça deserta)
1. Se passada uma hora não houver lanço superior ao valor por que os bens foram postos em praça, é esta encerrada, e designar-se-á logo dia, sendo possível, para a segunda praça, por metade do valor.
2. Em vez de os bens irem a segunda praça, pode ordenar-se, oficiosamente ou a requerimento dos interessados a que se refere a alínea a) do artigo 886.º, que sejam vendidos particularmente ou por propostas em carta fechada.
I´d say the first option is the one that applies.
Thank you
1. There were no bidders; or
2. The items were withdrawn because the reserve price was not reached.
Praça deserta?