{"id":492,"date":"2017-10-15T09:20:12","date_gmt":"2017-10-15T09:20:12","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=492"},"modified":"2017-10-15T09:20:12","modified_gmt":"2017-10-15T09:20:12","slug":"emirates-development-bank-holds-a-workshop-on-the-electronic-registry-of-mortgaging-of-movable-properties-as-security-for-debts","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/emirates-development-bank-holds-a-workshop-on-the-electronic-registry-of-mortgaging-of-movable-properties-as-security-for-debts\/","title":{"rendered":"Emirates Development Bank Holds A Workshop On The Electronic Registry Of Mortgaging Of Movable Properties As Security For Debts"},"content":{"rendered":"<p>Emirates Development Bank, in cooperation with the International Finance Corporation (IFC), member of the World Bank Group, held a dedicated workshop in Abu Dhabi and Dubai\u00a0 about the UAE law for mortgaging of movable properties as security for debts.\u00a0 \u00a0Attended by over 150 representatives from the UAE banks and financial institutions, the workshop reviewed the UAE law for mortgaging of movable properties as security for debts and examined its objectives. It also looked at the registry of mortgaged movable assets, and the law\u2019s main role and mechanism in publicizing and prioritizing lenders\u2019 rights through the electronic registry of mortgaged movable properties as security for debts and its benefits for lenders and borrowers. The aim of the workshop was to ensure a swift and successful transition of mortgage of movable properties towards electronic registration.<\/p>\n<p>&nbsp;<\/p>\n<p>The workshop was organized following the UAE\u2019s <strong>Federal Law No. 20 of 2016, <\/strong>which was issued last December concerning the mortgaging of movable properties as security for debts, which entailed the establishment of a registry to regulate the registration process of movable assets, publicize and prioritize lenders\u2019 rights and cover the processes of terminating or transferring the possession of moveable assets as well as their penalties and compensations. The Law\u2019s objective is to provide a legislative framework for the mortgaging of moveable assets as security for debts in order to encourage lenders to accept these assets as collateral in exchange for loans. \u00a0In addition, to offer establishments greater opportunities to receive financing at a lower cost, which ensures better evaluations in relation to business transactions, global competitiveness, innovation, entrepreneurship and development\u2019s indicators.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-493 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/db.jpg\" alt=\"\" width=\"1057\" height=\"704\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/db.jpg 1057w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/db-300x200.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/db-768x512.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/db-1024x682.jpg 1024w\" sizes=\"auto, (max-width: 1057px) 100vw, 1057px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emirates Development Bank, in cooperation with the International Finance Corporation (IFC), member of the World Bank Group, held a dedicated workshop in Abu Dhabi and Dubai\u00a0 about the UAE law for mortgaging of movable properties as security for debts.\u00a0 \u00a0Attended by over 150 representatives from the UAE banks and financial institutions, the workshop reviewed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=492"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"predecessor-version":[{"id":494,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/492\/revisions\/494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/493"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}