Introduction
In Kazakhstan, funding secured by rolling stock is gaining
popularity. Moreover, rail cars are provided by some
companies as security for bonds issued by them.
The legislative framework governing this type of pledge is
well-developed and well-established.
Rolling stock in the legislation of the Republic of Kazakhstan
is defined as "traction vehicles (locomotives), rail cars,
self-moving and other vehicles designed for rail way transportation
of passengers, baggage, cargo, cargo luggage and mail".
Registration of the Pledge of Rolling Stock
Pursuant to Article 9 of the Law of the Republic of Kazakhstan
'On Railway Transport', dated 8 December 2001 No. 266-II,
it is obligatory to register rolling stock..
