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Legal Update

Decree 83 on Registration of Secured Transactions

10 November 2010
Mayer Brown Legal Update
On 23 July 2010 the Government issued Decree No. 83/2010/ND-CP on registration of secured transactions (Decree 83). Registration of a secured transaction means the recording in a secured transaction register or entry into a secured transactions database by registry of assets over which security has been created to secure the performance of a civil obligation owed to a secured party.
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