On the Mortgage of Movable Property to Secure Debt
21-07-2019Federal Law No. (20) of 2016
Issued on 12/12/2016
Corresponding to 13 Rabi' Al-Awwal 1438 H
ON THE MORTGAGE OF MOVABLE PROPERTY TO SECURE DEBT
We, Khalifa bin Zayed Al Nahyan President of the United Arab Emirates,
Pursuant to the perusal of the Constitution,
Federal Law no. (1) of 1972 on the Competencies of the Ministries and Powers of the Ministers, and its amendments;
Federal Law no. (5) of 1975 on the Commercial Register;
Federal Law no. (10) of 1980 on the Central Bank, the Monetary System and the Organisation of the Banking Profession;
Federal Law no. (26) of 1981 on the Maritime Commercial Law, and its amendments;
Federal Law no. (5) of 1985 promulgating the Civil Transactions Law, and its amendments;
Federal Law no. (6) of 1985 on Islamic Banks, Financial Institutions and Investment Companies;
Federal Law no. (3) of 1987 promulgating the Penal Code, and its amendments;
Federal Law no. (10) of 1992 promulgating the Law of Evidence in Civil and Commercial Transactions and its amendments;
Federal Law no. (11) of 1992 promulgating the Civil Procedure Law and its amendments;
Federal Law no. (35) of 1992 promulgating the Criminal Procedure Law, and its amendments;
Federal Law no. (37) of 1992 on trademarks;
Federal Law no. (44) of 1992 on the Regulation and Protection of Industrial Property Rights for Patents and Industrial Designs and Models;
Federal Law no. (18) of 1993 promulgating the Commercial Transactions Law;
Federal Law no. (1) of 2006 on e-commerce and transactions;
Federal Law no. (6) of 2010 on credit information;
Federal Law no. (1) of 2011 on the general revenues of the UAE;
Federal Law no. (2) of 2015 on the commercial companies;
And based on the proposal of the Minister of Justice, the approval of the Council of Ministers and the Federal National Council and the ratification of the Federal Supreme Council,