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HomeLatest newsIssues Of Secured Transactions And Pledges Of Movable Property - Financial Services

Issues Of Secured Transactions And Pledges Of Movable Property – Financial Services

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The International Finance Corporation of the World Bank Group,
in cooperation with the Mongolian Bank Association, has been
implementing a program to enhance the supply chain finance market,
especially focusing on the increase of loans and financing secured
by moveable assets. For Mongolia, the “Law on Pledge of
Movable Property and Intangible Property” was enacted and has
been in effect since 2015 becoming one of the most frequently
discussed legal relations.

Understanding the legal regulations of such relations and
application of the law are essential for the growth of loans and
financing secured by movable assets. In particular, this law is an
economically significant law that provides a mechanism for securing
valuable movable property while maintaining the basic concept of
ownership in the Civil Code of Mongolia, thereby providing a
mechanism for small and medium-sized businesses to obtain the
necessary financial needs. In this regard, the concepts and issues
of secured transactions and movable property collateral are
outlined herein.

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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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