Securities Property in the Philippines: a States Common Law Imbroglio

Ong, and Spink, P.M., (2002) Securities Property in the Philippines: a States Common Law Imbroglio. Journal of Malaysian and Comparative Law, 29 (1).

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Official URL: http://www.commonlii.org/my/journals/JMCL/2002/9.html#Footnote

Affiliations

Hong Kong Polytechnic University
Hong Kong Polytechnic University

Abstract

In the first section of this paper, we examine the rules governing the creation of the chattel mortgage, pledge, and the trust receipt, in particular the formality and technicality surrounding the creation of the chattel mortgage and pledge. Second, we examine the external and internal rules governing the perfection of these security instruments. This is followed by an examination of the external and internal rules governing the publicity of these security instruments and consideration of the operational weaknesses of the publicity infrastructure that threaten to compromise the interests of third parties who might deal with the debtor. Fourth, we critically appraise the rules governing their enforcement. We conclude our discussion with some suggestions for reform of the present credit security legal framework governing security over personal property.

Item Type:	Journal
Keywords:	Chattel morgage, Philippines
Subjects:	K Law
ID Code:	6147

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