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Mortgage can assure the fulfillment of future, tentative agreement, the creditor of a hypothec can direct the recovery to a mortgaged property, independent of the fact whether a debtor or third party has it, the realization of realty is practically always guaranteed, moreover, the hypothec creditor receives the satisfaction to his requirement from the value of the mortgaged property prior to others creditors, consequently in contractual relationship parties prefer mortgage than other security devices.
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English Copyright of Jurisprudencija is the property of Mykolas Romeris University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. Complete the privatisation process a n d liquidate t h e remaining loss-making publicly yeise enterprises that cannot be sold.
The research of registration practice of Hypothecary division at Vilnius local court No. Return to KudoZ list. Further, it is emphasized that a distinction between material real law and the law of obligations has not lost its importance, and it is necessary to take into consideration different legal regulation of material real and obligatory relationship. This aspect is also highlighted in judicial practice of Lithuania’s Supreme Court.
After the granting of the aid there was a sale of t h e assetsi n full accordance with t h e liquidation p r oc edure provided for in Italian law 11so that the Commission has to verify whether the advantage may have been passed on to daiktije buyer.
Three types of the interplay between them are indicated: As an example, legal regulation of rent in the Lithuanian Civil Code was presented and analyzed. Login or register free and only takes a few minutes to participate in this question.
View forum View forum without registering on UserVoice. Notes to answerer Asker: In the case of funded credit protection, the lending credit institution shall have the righ t t o liquidate o r r etain, in a tsise manner, t h e assets f r om which the protection derives in the event of the default, insolvency or bankruptcy of the obligor — or other credit event set out in the transaction documentation — and, where applicable, of the custodian holding the collateral.
The third part of the article reveals that obligatory law not always serves as the reassurance of material circulation.
The conclusion is made that the legal construction of “right to right” is not legally correct and should be avoided in theoretical and practical fields of civil law. You will also have access to many other tools and opportunities designed for those who have language-related jobs or are passionate about them. In the light of this aspect, a problem of “right to right” is emphasized. Judicial system of mortgage registry guarantees operative, economical, effective and privileged meeting of the requirements of money matters of a hypothec creditor in a summary non – contentious order.
In Lithuania, like in the ancient Rome, mortgage progressed from one developmental stage to another, i. Without prejudice to specific national provisions regarding compul so r y liquidationth e liquidation o f a master UCITS shall take place no sooner than three months after the master UCITS has informed all of its unit-holders and the competent authorities of the feeder UCITS home Member State of the binding decisio n t o liquidate.
The right of a hypothec creditor to meet the requirement precisely from mortgage determines his specific status in realty realization process.
To assure such status of hypothec creditor, and to retain the essence of mortgage there are special norms consolidated in the XXXVI section of Code of Civil Procedure, consequently in the work one presents the legal analysis of the norms in the context of execution process that is regulated by general norms and reveals problems of their practical application. National provisions such as those at issue in the main proceedings, whereby members of a company controlled by the State may, in derogation from the general law, withdraw from that company on condition that they relinquish all claims over that compa ny ‘ s assetsa re not liable to be considered to be State aid for the purposes of Article 87 EC.
This is the case for assets which are generally non-marketable but which have special features that introduce some marketability, including market auction procedures if there is a nee d t o liquidate t h e assets a nd a daily price valuation. In addition to the Protocol obligations polish steel companies decided to volunta ri l y liquidate a nu mber of inefficient capacities which include coke batteries, slabbing and blooming mills and electrolytic galvanizing line.
This abstract may be abridged. Close and don’t show again Close. Tarybos reglamentu EB Nr. Vote Promote or demote ideas. You have native languages that can be verified You can request verification for native languages by completing a simple application that takes only a couple of minutes. The second part of the article describes the main forms of the interaction between material law and the law of obligation.
Although the homeland of lien is considered to be Babylon, the legal teisf of mortgage appeared as the result of Roman law reception in the states daiitine western law tradition. The popularity of mortgage is also determined by its public registration reliability, subsequently in this work big attention is being paid to the analysis of mortgage registration. Automatic update in Lithuanian PRO pts in category: Grading comment 4 KudoZ points were awarded for this answer.
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