Regulatory Alerts2021-01-01
Security Interest in Movable Property Act (Commencement) Notice 2021
Lesotho’s Minister responsible for finance, Thabo Sophonea, has designated 6 August 2021 as the commencement date for the Security Interest in Movable Property Act, 2020. Exercising powers under section 1 of the legislation, this notice formally activates the statutory framework governing security interests in movable assets. The effective date ensures immediate regulatory compliance and legal certainty for creditors, debtors, and financial institutions across Lesotho.
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