The Pledge Act, which entered into force on 1 January 2018, provided a much-needed overhaul of the Belgian movable assets security regime. Among other things, the Pledge Act abolished the dispossession requirement and created a National Pledge Register. The online Register provides for perfection of a pledge by way of straightforward registration.…Read More

In Belgium Movable Asset=Personal Property

Financial Collateral Arrangments=Security Agreement

Under the Civil Law or [Burgerlijk Wtboek/BW] they play with the words, several words have the same meaning but they just look different.

Pledge Register or [Pandregister] is the be found on the official website Ministry of Finance or UBO register, it is needed to log in with a Belgian id-card connected to your computer with a Belgian e-card reader or by absence of these you can get acces trough a Notary.

The date of entry into force of the Security Act is postponed the latest to 1 January 2018 (Article 109 Security Act). This measure was necessary because the pledges register, which is the cornerstone of the new regime organized by the Security Act, is not yet effective. To the extent that the pledges register would become operational earlier, the…Read More

POSTED AS EXAMPLE: [The Belgian act of 11 July 2013 with regard to security rights on movable assets (the “Security Act”) is not yet in force. Implementing regulations were expected to organize the pledges register and to correct some inaccuracies and loopholes. The Belgian Law of 25 December 2016 (the “Law”) amends the Security Act to ensure…Read More

Special Endorsement, Bijzondere Overdracht, Endosseren, Overdragen, Gireren in Dutch Language.