Laws and International Treaties

Issue 11, 12 August, 2005

The Law on Making Changes and Amendments to the Georgian Civil Codedated 30 June 2005 distinguishes two forms of security interest: (a) possessed security interests, when based on the relevant agreement of the parties secured property is transferred in the possession of the secured creditor (pledgor) and (b) registered security interest created on the basis of the notarized agreement and further registered in the Public Register.

Subject of security. 


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