Now on with the amendments to the law, parties to business
transactions may use again as collateral, current and future
intangible assets such as shares, accounts, patents, trademarks,
copyrights.
The title of this article, worthy for an epic movie depicts
quite well the relief of professionals in the banking sector as
well as in the legal sector on the news that a draft law on
amendments on the Law on Securing Charges has been approved by the
Parliament on October 20, 2016 (law no. 101/2016).
For the sake of clarity, the Law on Securing Charges was doing the
quite well until the intervention of the legislator on 2013 that
striped off from the same an essential part of it.
Entered into force on 2000 the Law on Securing Charges has the
merits for introducing a swift system for the secured transactions.
The law provided shelter for banking institutions willing to expand
the portfolio of clients by financing them towards new types of
collateral that included inter alia
