Guide on the deletion of a Commercial Pledge (CP)

A commercial pledge is the right of pledge registered with the Enterprise Register under the Commercial Pledge Law. A pledge’s subject may be a tangible, or an intangible asset owned by a legal person, assets subject to registration, stocks, shares, and bonds. The subject of a pledge cannot be a ship, financial instruments in a […]

Everything you need to know about commercial pledge 

A commercial pledge allows a pledgor to retain possession of a pledged item. It does not presume that a securable claim exists and cannot be extinguished after a claim is terminated. Provisions of registered security over movables in the Law of Property Act may apply to this pledge unless otherwise stated. A solution to securing […]