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Example and Explanations Series:
Secured Transaction Law and Practices
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Chapter 1: Movable Property
Financing and Its Relevance to the Economy |
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Chapter 2: Development of Secured Transactions in Cambodia |
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Chapter 3: Principal Sources of Law Governing Collateralized
Transactions |
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Chapter 4: What is a Security Interest? |
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Chapter 5: What is a Collateral? |
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Chapter 6: Classification of Collaterals |
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Chapter 7: Attachment of a Security |
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Chapter 8: Perfection and Priority |
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Chapter 9: Enforcement of Security Interest |
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Chapter 10: Secured Transactions Filing
office |
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Introduction
This book is one the Examples and Explanation Series covering Secured
Transactions Law and Practices. It sets forth a concise summary of the
theoretical and practical aspects of the secured transactions system in
Cambodia. It provides a rich volume of examples and explanations of the
secured transaction system. A section-by-section analysis of the
proposed law, with many detailed examples, is presented throughout each
chapter. The explanatory notes are expected to help legal practitioners
and other professional as they use the law. The works are largely build
upon the works and materials provided by the Ministry of Commerce, in
particular the works undertaken under a Technical Assistance project
(TA3861: Improving Legal Infrastructure in the Financial Sector) of the
Asian Development Bank in the context of the preparation and formulation
of the secured transaction law and the development of a secured
transaction system.
Chapter 1 describes the movable property financing and its relevance to
the economy. Chapter 2 describes the development of the secured
transactions system in Cambodia. Chapter Three reviews existing
Cambodian commercial law with respect to movable property financing.
Chapter Four defines what is security interest. Chapter Five defines
broadly collateral followed by Chapter Six which provides for a
classification of the various collaterals. Chapter Seven describes how
security interests are enforced. Chapter Eight anticipates potential conflicts between competing creditors, including creditors whose claims
arise before and after the creation of security in movable collateral.
The chapter then provides detailed priority rules that resolve any
potential conflict in advance. Chapter Nine provides new remedies for
the enforcement of claims against collateral. Chapter Ten provides for
the Filing Office which is the heart of the secured transactions law.
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