MOVABLE SECURITIES LAW APPROVED

Ley de GarantiasOn Thursday September 19th,  2013, the Legislative Assembly approved the Movable Securities Law, which seeks to facilitate loans for micro, small and medium enterprises.

This Law applies to the constitution, registration, advertising, cancellation and formalization of securities over movable and intangible goods. It is intended to stimulate the economy and generation of new jobs.

Under the new law, small entrepreneurs may have greater opportunities to credit access, offering securities over equipment and machinery; inventories; merchandise; patents and trademarks, among others.

This law will enhance the economic value of movable and intangible goods that may be subject to warranty and support obligations acquired from a debtor to a creditor, whether they are individuals or corporations.Daysi Martínez

 

 

 

For more information contact:

Daisy Martinez | daisy@romeropineda.com

Banking Division Manager

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