Collateral Services

The long-awaited new Belgian regime for security interests on movable assets enters into force as of 1 January 2018. We have put together a dedicated team to guide you through the new Belgian regime: Loyens & Loeff Collateral Services.

Article - 30 October 2017

The ten most asked questions about the National Pledge Register

Do you have questions about the Belgian National Pledge Register? Read the ten most important questions and answers.
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News - 26 September 2017

New Belgian Pledge Act confirmed for 1 January 2018

Today, a Royal Decree was published confirming the entry into force of the new Belgian Pledge Act of 1 July 2013. Read about the implications.
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Article - 31 May 2013

Belgian House of Representatives adopts new Act on security interests on movable assets

The new act changes the current legal framework for the creation, perfection and realization of security interests on all kinds of movable assets.
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What will change for you on security interests?

Firstly, all existing security interests remain valid to the extent they were validly granted under the old regime. Only for existing pledges on business or floating charges, there is an obligation to re-register before 31 December 2018 in the new National Pledge Register.

A new way to perfect security

For new security interests, a new way to perfect security through registration in the online National Pledge Register is introduced. This also means that it will now be possible to conduct lien searches with respect to movable assets. However, you will need a Belgian representative to access the register since access is restricted to Belgian nationals, both for registration and consultation purposes. That is where Loyens & Loeff Collateral Services comes in, helping you with any new registrations, security history & compliance.

What can we do for you?

We are equipped to take care of the administration relating to the National Pledge Register. This includes:

  • Conducting lien searches
  • Drafting pledge agreements, ensuring compliance with the new legal requirements
  • Registering new security
  • Registering existing pledges on business
  • Amending existing registrations
  • Removing existing registrations (e.g. upon release of security)
  • Acting as servicer and first point of contact for your registered security interests

For a more detailed and in-depth analysis of the impact of the Belgian Pledge Act on your business and the financial markets in Belgium, please contact us via collateral.services@loyensloeff.com.