The debtor may, within one month of being notified of the seizure, order the sale of the seized securities. The proceeds of the sale are unavailable in the hands of the authorised intermediary to be used specifically to pay the creditor. If the proceeds of the sale are sufficient to pay the creditor(s), the unavailability of the remaining seized securities ceases.
Until the forced sale is carried out, the debtor may indicate to the garnishee the order in which the securities are to be sold. If the debtor fails to do so, their choice may not be challenged.
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PETROFF LAW FIRM (SELARL LEGASTRAT)
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75001, Paris France
RCS Paris n°814433470
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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