The Law on Rights of Security upon Movable Objects and Rights Filed in Register regulates the pledge, without delivering in possession, of movable objects and rights for the purpose of securing a claim of a creditor, the contract of security, the rights and obligations of contracting parties, the filing of the right of security in the registry, the settling of a creditor secured by pledge, and the termination of the right of security.
Movable objects and rights shall be pledged by filing in the registry that shall be instituted in conformity with the Law on Rights of Security upon Movable Objects and Rights Filed in Register.
Legal relations that are not regulated by the Law on Rights of Security upon Movable Objects and Rights Filed in Register shall be subject to regulations covering obligations (contract and torts) and property law relations, and to other regulations. Continue reading Contract of security according to Law on right of security upon movable objects and rights filed in register