The Order reforming the law on security interests has been published

Through this legislation, the Government sought to introduce a reform that would both enhance the effectiveness of security interests and improve the attractiveness of French law, whilst ensuring greater legal certainty in contracts.

The reform will mainly come into force on 1 January 2022. Only the provisions relating to pledges and the new register of security interests in movable property, which require implementing regulations, will come into force by 1 January 2023 at the latest.

In the meantime, 14 Pyramides Notaires offers you a brief overview of the forthcoming changes affecting sureties, movable and immovable security interests, before examining in more detail certain important provisions that directly impact the notarial profession.