Pursuant to the law of 11 July 2013 amending the Civil Code (as amended by the law of 25 December 2016), Belgium has adopted a modernised framework for security over moveable assets. The date of entry into force of the law has been postponed a number of times, but the law is now expected to enter into force on 1 January 2018.This note examines the practical consequences for lenders and borrowers of the entry into force of the law of 11 July 2013.

