The International Comparative Legal Guide To Recovery & Insolvency 2012 - Slovenia

Mondaq Business BriefingSlovenia Articles in EnglishInsolvency/Bankruptcy and Re-structuring (2012)

Linked as:

Extract


The International Comparative Legal Guide To Recovery & Insolvency 2012 - Slovenia

This article appeared in the 2012 edition of The International Comparative Legal Guide to: Corporate Recovery & Insolvency; published by Global Legal Group Ltd , London.

1 Issues Arising When a Company is in Financial Difficulties

1.1 How does a creditor take security over assets in Slovenia?

The Slovenian legislation includes the following types of in rem securities relating to: (i) real properties – mortgage (hipoteka), land debt (zemljiaki dolg), real encumbrance (stvarno breme); and (ii) movables and property rights, respectively – pledge (zastavna pravica), retention of title (pridr~ek lastninske pravice), transfers by way of security (prenos v zavarovanje), and assignment by way of security (odstop v zavarovanje).

In order to establish a legally binding security, certain principles must be respected:

As a general rule, collateral assets must be specified (določen) or specifiable (določljiv) in order for the security interest to be (validly and enforceably) established. The requirements for a valid security are: (i) the entering into of an agreement creating an obligation to create security (zavezovalni pravni posel); (ii) the entering into of an agreement on the creation of security (razpolagalni pravni posel); and (iii) the performance of an additional act prescribed by the law – aimed at ensuring publicity. For example: in the case of real estate, the creation of a mortgage must be registered with the land register (zemljiaka knjiga) while movable objects must be either (a) transferred into the possession of the creditor/pledge, or (b) registered i...

See the full content of this document


ver las páginas en versión mobile | web

ver las páginas en versión mobile | web

© Copyright 2017, vLex. All Rights Reserved.

Contents in vLex Slovenia

Explore vLex

For Professionals

For Partners