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Legal Developments worldwide

The pledge of moveable property in secured financing transactions

July 2008 - Finance. Legal Developments by Walder Wyss Ltd.

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Swiss law lacks a broad system for creating security interests in moveable property which remains in the possession of the borrower, such as equipment, vehicles and inventory. The lack of a system of nonpossessory security interests make financing transactions which are to be secured with moveable property significantly more difficult and expensive to complete.

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