Business Collateral and Mortgage Law
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Abstract
The Law on business collateral in both the United States and the United Kingdom is
considered a model for asset securitization without having to deliver collateral. Thailand recently
enacted the Business Security Act of 2015 aiming to facilitate business entrepreneurs by recognizing
securitization of economically-valued collateral without delivery of such assets to the creditors.
This enables entrepreneurs to exploit benefits of retaining assets for the sake of their businesses
including more opportunities to access to funds. However, the existing mortgage law has certain
restrictions to the concept of the new security law. Therefore, this article purports to explore relevant
provisions of both legislations in order to shed lights on different modes of collateral connections
including definitions, forms of contract, enforcement. The study hopes to enable entrepreneurs to
understand their appropriate collateral options and understanding intentions of the law which will
benefit economy and society as a whole.
Article Details
ลิขสิทธิ์ของบทความ
ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน
References
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Department of Business Development, Secured Transaction Registry Division. (2015). Learning together….with the business collateral law. Retrieved January1, 2016, from https://www.google.co.th/url?
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