A significant new legislative development has been issued in the UAE, namely Federal Law No. 20 of 2016 regarding Mortgage of Moveable Assets to Secure Debt, which substantially changes the manner in which a charge can be created over moveable assets.
The Law makes publicizing in the Emirates Movable Collateral Registry (EMCR) the only means of making pledge effective against third parties.
Benefits of registering your asset, collateral or equipment include:
For more information on how you can legally protect your equipment and the benefits of registering your collateral on EMCR, please fill in the form below and we will get in touch with you: