France

France reformed its security law in 2006 (Ordonnance n° 2006-346 du 23 mars 2006 relative aux sûretés). The reform introduced a general legal regime for secured transactions in movable property by creating a charge on corporeal movables (gage) which now recognises the non possessory ‘gage’ and, a charge over incorporeal movables (nantissement).For more information, please visit the website of the Ministère de la Justice.

Article

M Renaudin, The Modernisation of French Secured Credit Law: Law as a Competitive Tool in Global Markets, (2013) 24(11) International Company and Commercial Law Review 385.

Advertisements