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Redefinition of Movable Pledge Seeks to Boost Collateralization for Commodity Financing
Recent Development Pledge over movable assets (menkul rehni) has long been perceived as an impractical method for collateralization as the perfection of it required the transfer of the physical possession (zilyetlik) of the pledged asset to the pledgee. Neither the lenders nor the borrowers accepted such transfer of possession as…
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Source: Movable Assets Registry