If you are a potential buyer (an individual or a company) interested in investing in assets to be sold on judicial auctions,
The LEILA platform shall provide you with an easy access, without intermediaries, to official certified and reliable information on goods to be sold on judicial auctions taking place in one or more Member States.
Moreover, judicial auctions’ data shall be retrieved by the national systems in an automated way, thus only real time and updated information is to be presented on the LEILA platform.
LEILA shall produce a multilingual platform providing official information directly understandable by users of diverse mother tongue by enabling them to compare search results in a selected language.
The platform shall have a simple and intuitive graphic user interface facilitating complex searches.
The platform shall allow for comparing the goods from different countries to evaluate the most suitable for the specific interest of the potential buyer.
As a one-stop-shop judicial auction marketplace, the platform shall allow the unification of the presentation and delivery of data in a centralized way.
If you are a representative of a national competent authority or a judicial professional in charge of selling seized assets,
A European multilingual portal providing information managed by competent authorities shall increase the potential buyers’ trust in the judicial auctions’ proceedings held online.
A one-stop-shop for judicial auctions taking place in more than one Member States shall facilitate faster conclusion of sales.
A unique European platform on judicial auctions shall deliver for a wider users’ base and significantly greater number of potential participants in a single proceedings, thus it could substantively increase the competitiveness, the number of submitted bids per auction, and the number of sold assets.
Such level of competitiveness will have direct positive effect by increasing the winning price and the overall judicial auctions effectiveness.
The platform will also provide for the option to publish an auction on both national and international level for Member States which are currently lacking (a) national provider(s).
Considering the outlined benefits for the potential buyers and the competent institutions and individuals involved in the assets’ sale process, we can outline two significant benefits for creditors which are also their primary and most important goals: faster pay-off of current outstanding debts, and long-term reduction in their non-performing loans ratio.
If you recognize yourself as part of one of these groups, get in contact with us and share your expectations on the future platform!
