Timor-Leste is currently undergoing reform. Currently, banks mostly lend to public sector employees or government contractors, and the secured transaction regime is inefficient. The Asian Development Bank is working with the legislators to establish a new secured transactions system that allows for movable assets to be used as the subject of security interests.

Last Checked November 2020

If you have any questions or would like to suggest an update please email magda.raczynska@ucl.ac.uk