Regulatory Alerts2012-08-07
Added · Updated
Union of the Comoros Decree Promulgating Law No. 12-011/AU on the Regulation and Organization of Leasing
This decree promulgates Law No. 12-011/AU, establishing the legal framework for leasing operations in the Union of the Comoros. The law defines leasing as a credit form for financing professional movable or immovable assets, granting lessees the option to purchase at the end of the term. It mandates specific contract contents, registration requirements for publicity, and outlines the reciprocal rights and obligations of lessors, lessees, and suppliers. The legislation also details lessor privileges, lessee responsibilities for maintenance and insurance, and procedures for contract termination, including immediate recovery of assets in cases of default.
More like this from BCC
We email you every new BCC publication the day it's published.