• Home
  • Articles
  • Reform of security interests over movable assets: is your Belgian collateral under threat

Reform of security interests over movable assets: is your Belgian collateral under threat?

29/01/2018

Download PDF
Related topics: SecuritisationBanking and financeSecurities and derivatives


The Law recasts the current legal framework for creating, perfecting and enforcing security interests over movable assets, whether tangible or intangible. The Law’s main innovation, the introduction of a National Pledge Register (“NPR”), will enable certain securities to be created and perfected simply by registration, without duly dispossessing the pledged asset.



Pledgees will be obliged to register in the NPR any existing pledge over business assets within a 12-month transitional period, otherwise they will automatically lose their priority ranking and will have to re-register the pledge from scratch.



Do visit our CMS web page on this topic.



The NPR interface is user-friendly, plus it is accessible on a 24/7 basis, and is only for Belgian citizens with electronic ID. Foreign companies wishing to consult on, register, renew, modify or release any Belgian pledge can easily authorize our firm to use the NPR on their behalf.

Key contact