LAW No 11/2009 OF 14/05/2009 ON SECURITY INTERESTS IN MOVABLE PROPERTY

The law governs security interests on movable properties. The security interest is defined as an interest in personal properties made available through a transaction that secures payment, without recourse to the form of transaction, or the individual. It details principles relating to the enforcement of security interests, movables subject to security interests, priority between security interests, enforcements of interests, as well as damages, notices, and regulations.