Pledge of Securities as a Method to Ensure Fulfillment of Loan Liabilities

DOI

10.2991/tphd-18.2019.74How to use a DOI?

Keywords

pledging of securities; method of enforcement of liabilities; loan liabilities; share; bond; debt security

Abstract

Peculiarities of pledging of securities as a method to ensure fulfillment of loan liabilities, its advantages and disadvantages as collateral form the most complicated aspect, both theoretically and practically. The complications with this type of collateral are related to a lack of special provisions in the current legislation of the Republic of Tajikistan, reflecting specific features of pledge relationships using securities. While the current civil legislation of the Republic of Tajikistan recognizes securities as a valid collateral, most regulations covering pledge relations are constructed in such a way that they reflect features of using tangible goods as collateral. Fragmented and unfinished nature of legal regulation of the relationships arising from pledge of securities gives rise to hard-to-solve problems in banking practice that are related to concluding the securities pledge contract, determining commencement of lien in the securities pledge, execution of rights covered by the pledged securities, forfeiture of the pledged securities.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rustam Shabozov
PY  - 2019/04
DA  - 2019/04
TI  - Pledge of Securities as a Method to Ensure Fulfillment of Loan Liabilities
BT  - Proceedings of the International Conference "Topical Problems of Philology and Didactics: Interdisciplinary Approach in Humanities and Social Sciences" (TPHD 2018)
PB  - Atlantis Press
SP  - 396
EP  - 400
SN  - 2352-5398
UR  - https://doi.org/10.2991/tphd-18.2019.74
DO  - 10.2991/tphd-18.2019.74
ID  - Shabozov2019/04
ER  -