Cambodia

In 2007 Cambodia passed a Law on Secured Transactions (No. 0507.012.NS.RKM). It provides for a unitary approach of taking security. It applies to all transactions which in effect secure an obligation including pledges, transfers of title, assignment, sales of accounts, secured sales contracts and leases of goods for more than one year. These can be secured through a “registered collateral” and the security interest would only be enforceable against third parties upon filing a notice at the register or taking possession of the collateral.

The 2007 law has a wide definition of collateral, as including moveables of any nature, tangibles and intangibles and also future property.

There are reports of a draft bill to amend the 2007 law.

The text of the 2007 law is available here.

References:

http://www.cambodiainvestment.gov.kh/law-on-secured-transaction_070523.html

https://www.pwc.com/kh/en/publications/assets/cambodia_nov07.pdf

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