Autonomous assignment of the real estate mortgage right and changing its rank in the light of the new Civil Code Cover Image
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Cesiunea autonomă a dreptului de ipotecă imobiliară și schimbarea rangului acestuia în lumina noului Cod civil
Autonomous assignment of the real estate mortgage right and changing its rank in the light of the new Civil Code

Author(s): Alin-Adrian Moise
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniunea Juriștilor din România
Keywords: mortgage right; assignment; change of rank; ancillary nature.

Summary/Abstract: The importance of the crediting relations in a market economy justifies the attempts of the legislator to periodically reform the legal regime of security interests necessary for the performance of obligations. The change in Romania began in 1999 by abolishing the interdiction on movable property mortgaging (and establishment of the so-called security interest in movable property) was continued by the new Civil Code, which has introduced new instruments of obligational law, as well as rules that allow an increased dynamics of the real mortgage right. This study deals with the autonomous assignment of the real estate mortgage right, as well as with the possibility of changing the mortgage rank in the same matter. Even if the practice has not known yet a serious application of these operations, the raised issues should be approached, both for theoretical clarification and in order to detect the intention of the Romanian legislator in respect of the extent of the ancillary nature of the mortgage against the secured claim.

  • Issue Year: 2014
  • Issue No: 06
  • Page Range: 9-29
  • Page Count: 21
  • Language: Romanian