Newsletter-21

274 NEWSLETTER 2016 enterprises’ financial needs. It aims to extend the usage of the right on the pledge of movables, and to provide an environment of trust for that. For the Registry to be established following to the entry into force of the Code, it is expected to provide publicity for the pledges of moveable assets and enure on third parties. The Code will enter into force on January 1st, 2017, but will not take effect on ongoing litiga- tion and execution proceedings.