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Implementation of the New Act on Security over Movable Property and Receivables

October 2012 - Real Estate & Property. Legal Developments by Yulchon.

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The new Act on security over Movable Property and Receivables (“The New Act”), which became effective June 11, 2012, was enacted to address the public’s need for an improved mechanism to allow non-real estate assets to be provided as collateral.

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