Post by account_disabled on Mar 16, 2024 10:11:12 GMT
The Assets That Have No Distinctive Features in the Establishment of Lien Rights Effective Date . With the phrase added to the th article titled Establishment of the Right of Pledge of the Law on Movable Pledges in Commercial Transactions the search for issues indicating the distinctive features of the asset subject to the pledge which is one of the mandatory issues to be included in the pledge agreement for movable assets that do not have any distinguishing features due to their nature has been ended. The Scope of Movables on which Lien Rights Can Be Established has been Expanded Effective Date.
By adding the phrase All kinds of similar movable assets and rights to the th article of the Law on Movable Mortgage in Commercial Transactions B TO B Database titled Movables on which a lien can be established the scope of the movables on which a lien right can be established has been expanded. The Scope of the Pledge Has Been Redefined and Side Rights Regarding Movable Assets Have Also Been Included in the Scope Effective Date . Article of the Law on Movable Pledges in Commercial Transactions has been completely amended and the scope of the pledge has been redefined.
Accordingly any future legal proceeds of the movable asset such as interest insurance as well as natural products and substitute goods will be directly within the scope of the pledge together with the movable asset. In addition if a production process is pledged together with the movable assets in which it is used the pledge will be deemed to have been automatically established in the same proportion and order on the receivable that will occur during the production process and as a result. On the other hand it has been stipulated that the good will of wellintentioned third parties who do not know or need to know that a movable property is pledged will be protected.
By adding the phrase All kinds of similar movable assets and rights to the th article of the Law on Movable Mortgage in Commercial Transactions B TO B Database titled Movables on which a lien can be established the scope of the movables on which a lien right can be established has been expanded. The Scope of the Pledge Has Been Redefined and Side Rights Regarding Movable Assets Have Also Been Included in the Scope Effective Date . Article of the Law on Movable Pledges in Commercial Transactions has been completely amended and the scope of the pledge has been redefined.
Accordingly any future legal proceeds of the movable asset such as interest insurance as well as natural products and substitute goods will be directly within the scope of the pledge together with the movable asset. In addition if a production process is pledged together with the movable assets in which it is used the pledge will be deemed to have been automatically established in the same proportion and order on the receivable that will occur during the production process and as a result. On the other hand it has been stipulated that the good will of wellintentioned third parties who do not know or need to know that a movable property is pledged will be protected.