One of the highlights of this Decree is the date of validity of registration of guarantee measure in the following specific cases:
- Validity of registration of land use right, property affixed to land, aircraft or seagoing vessel that is provided as a guarantee will commence from the date on which the registry enters such registration in its register;
- Validity of registration of other movable property that is provided as a guarantee will commence from the date on which such registration is input into the database related to guarantee measures;
- If the registration is changed due to provision of supplementary guarantee in which related parties do not enter into a new guarantee agreement or supplementation of guaranteed obligations, and related parties do not agree on provision of guarantee for obligations that may arise in the future, such registration will be in force from the date on which changed registration information are entered into the register or input into the database.
For more details, see the Decree No. 102/2017/ND-CP (in force from October 15, 2017).
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