May 10, 2016

Italian Floating Charge Over Movable Assets

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Law Decree No. 59 of 3 May 2016 introduced a new and long-awaited security instrument in the Italian legal framework: a floating charge over movable assets. The new security called "pegno non possessorio" is meant to strengthen the ability of Italian companies to get access to financings introducing a more flexible security over all movable assets of a company

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