Commercial Law

Establishment of a national electronic register of pledges administrated by the Ministry of justice in accordance with Law 21-18, ready on 2 March 2020:

• All pledges must be published in this register in order to be enforceable against third parties.
• Not a condition of the validity of the security agreement but simply for enforceability against third parties.
• The register will allow the verification of the existence of any pledge that may encumber the movable assets of a person or a company in order to increase security and transparency.