The New Italian Law for Non-Possessory Pledges: A Critical Assessment

Abstract

This article analyses the key features of the new non-possessory pledge (pegno mobiliare non-possessorio) in Italian secured transactions law and concludes that a more comprehensive reform is needed. The article advances an alternative strategy for Italian law-reformers.

Keywords: secured transactions, non-possessory pledge, security interests, law reforms, access to credit, security rights, Italian law, decreto banche, pegno mobiliare non possessorio, charges

JEL Classification: K11, K22, G30, G33, F34, O16, P11, P45