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New Law on Pledges Over Movable Assets in Commercial Transactions

15 November 2016

On 27 October 2016, the Law on Pledges over Movable Assets in Commercial Transactions (Law No. 6750) (the "New Law") was published in the Official Gazette abolishing the Commercial Enterprise Pledge Law (Law No. 1447) (the "CEP Law"). The New Law will enable a pledge to be established over movable assets in commercial transactions through a registration system without the transfer of possession.

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