Procedural means for protection of the pledgor in case of pledge enforcement pursuant to the Special Pledges Act Cover Image
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Процесуални способи за защита на залогодателя при пристъпване към изпълнение по реда на Закона за особените залози
Procedural means for protection of the pledgor in case of pledge enforcement pursuant to the Special Pledges Act

Author(s): Emil Lukaev
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Институт за държавата и правото - Българска академия на науките
Keywords: enforcement under the Special Pledges Act; protection of the pledgor; claim under Art. 36 of the Special Pledges Act
Summary/Abstract: The Special Pledges Act does not provide effective means of protection from creditors acting in bad faith upon pledge enforcement. The pledge enforcement represents a unilateral action by a creditor with no legal tools for checking the legality of his action. The only foreseen possibility of protection is the declaratory action under Art. 36 of the Special Pledges Act which however does not suspend the pledge enforcement.

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