Glossary entry

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!
Change log

Aug 18, 2020 14:48: Mario Freitas Created KOG entry

Discussion

Mark Robertson Aug 13, 2020:
@All Código de Processo Civil
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.
Barbara Villa (asker) Aug 13, 2020:
Hello, Mark,

I´d say the first option is the one that applies.

Thank you
Mark Robertson Aug 13, 2020:
@All Does this mean:

1. There were no bidders; or
2. The items were withdrawn because the reserve price was not reached.

Praça deserta?



Proposed translations

49 mins
Selected

the auction resulted in a negative outcome / the auction did not succeed

Sugestão
Something went wrong...
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
Something went wrong...
+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-...
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!
Something went wrong...
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