The South East Europe Legal Group (SEE Legal), an organization gathering ten leading national law firms from 12 Southeast European Countries, has published a guide to Taking and Enforcing Security in Southeast Europe. The guide helps in-house counsels, finance professionals and legal practitioners navigate their way around security taking or enforcement across the 12 jurisdictions that SEE Legal covers.
It focuses on the most commonly used types of security interests in Southeast Europe today such as mortgages, pledges and financial collateral (where available). It highlights the key aspects of taking and enforcing security interests, including available security, the use of security trustee and/or parallel debt concepts, specifics in relation to certain categories of assets, the degree of control the creditor has over the enforcement process, costs and expenses for creating and maintaining security and the effects of opening of insolvency proceedings on security interests.
The chapters covering Serbia and Montenegro, which BDK contributed, are available on pages 111 and 75, respectively.
To view or download the guide, follow the link.
