Regulatory Alerts2016-01-01
Circular No. 106: Security Rights in Movable Property
The Palestine Monetary Authority issued Circular No. 106/2016 to instruct banks to implement Law Decree No. 11 of 2016 concerning security rights in movable property. This decree establishes a legal framework for creating, registering, and enforcing security interests in movable assets through an electronic registry. It defines key terms, outlines priority rules for competing claims, and specifies procedures for perfecting security interests against third parties.
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