Financial Sector Assessment Program : Malawi - Legal Framework for Acceptance, Registration and Realization of Collateral
A well-functioning legal framework for secured lending needs to provide for the creation, recognition and enforcement of security interests. This includes making it possible for all types of assets to be collateralized, effective notice and registr...
| Main Authors: | , |
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/09/18015016/malawi-legal-framework-acceptance-registration-realization-collateral-technical-note http://hdl.handle.net/10986/16024 |
| Summary: | A well-functioning legal framework for
secured lending needs to provide for the creation,
recognition and enforcement of security interests. This
includes making it possible for all types of assets to be
collateralized, effective notice and registration rules to
be adapted to all types of property, and clear rules of
priority on competing claims or interests in the same
assets. This working paper includes the following headings:
procedure and costs for a secured transaction; registration
system; credit reference bureau; realization of collateral;
judicial framework; insolvency and corporate rehabilitation;
and recommendations. |
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