The Law of Movable Pledge on Commercial Transactions (In Terms of Accessibility to Finance)

Businesses often provide financing needs through loans that they have obtained from banks. Banks pledge movable assets in businesses to provide secure for their loans. On the other hand, there were some difficulties in pledging movable assets. The Law Of Movable Pledge On Commercial Transactions aims to remove these challenges and make it easier for businesses to access financing. In this context, the Act extends scope of persons who may be party to the pledge agreement, allows the pledge agreement to be made electronically, the pledgeable assets were excluded from being limited, provides the publicity with pledged movable registry and allows for follow-up and the right to claim the property of pledged assets of the creditor when the debtor of pledge falls in default. However, many provisions of the law have been criticized in the doctrine. In this study, especially the provisions that aimed to access easily finance evaluated