While running provisional registration security system, it was reported that the theory and precedent could not provide enough evidence in protecting creditor and the people involved.
As a result, government enacted a law to change this, but people d...
While running provisional registration security system, it was reported that the theory and precedent could not provide enough evidence in protecting creditor and the people involved.
As a result, government enacted a law to change this, but people didn’t take advantage of the system itself as forcasted. This study will present more clear and more efficient alternative, after discussing the cause of this phenomena and examing theoritical background. With this new enhanced system, the mutual interests of a creditor, a debtor and third party will be well balanced.