The Breach of the Duty of Professional Care in the Sale of a Collateral Outside a Public Auction
(Judgment of the Supreme Court of 4 August 2026, File No. 21 Cdo 3155/2025) In a recent ruling, the Supreme Court addressed the limits of the direct private sale of pledged collateral. The key issue was determining the legal consequences where a pledgee formally complies with the terms agreed in the pledge agreement, yet breaches its statutory duty to act with due professional care by selling the pledged collateral well below its current … Continue reading The Breach of the Duty of Professional Care in the Sale of a Collateral Outside a Public Auction
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