Handbook on the Albanian Collateral Law

Baranes, Yair ; Cuming, Ronald C.C.

Washington, DC:World Bank and the International Finance Corporation

关键词: SECURED TRANSACTIONS;    COMMERCIAL LAW;    ASSET BASED LOANS;    LEASING ARRANGEMENTS;    ENFORCEMENT POWERS;   

RP-ID  :  23589

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

On October 18, 1999, albania passed theLaw for Securing Charges, which in many of its concepts andfeatures has no precedent in prior Albanian law. This is acomplex law, for it bears on the rights annd conduct ofcreditors, debtors, and a range of other persons who can beaffected by securing charges, and it provides for a modern,computer-based registry system. This report provides adetailed explanation of the Law for Securing Charges as wellas of related legislation. It concentrates on the issuescentral to the functioning of the new law, and because it isintended for a wide audience, it relies on no-technicallanguage wherever possible. In addition, it pays specialattention to the new terminology introduced by the Law forSecuring Charges. The largest part of this report deals withthe Law for Securing Charges and Regulations of SecuringCharges. It begins with a description of the context inwhich the Law for Securing Charges functions and an overviewof the basic concepts contained in the Law for SecuringCharges. Part A presents the Law. Part B presents therevised Article 605 of the Civil Code. Part C provides theannotated Regulations of Securing Charges applicable to theRegistry of Securing Charges. It also includes a shortcommentary on the Albanian Government decision limiting itsliability for damages caused as a result of malfunctioningof the registry system. Appendix A details the instructionsfor completing registry notices and for obtaining searches.