In Suriname, there is an ongoing project, sponsored by Compete Caribbean to produce a draft law to reform the secured transactions law. One of the draft law’s objectives is to create a single, unified law to facilitate the use of movable property as security for an obligation. It also seeks to facilitate and lower the costs of enforcement in cases of default, by establishing a registry that can easily determine whether certain assets are encumbered so that they may be used to satisfy the obligation. The idea behind this reform is to increase access to credit.

Further Reading

Last Checked October 2020

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