ERDEM-NEWSLETTER-2018-metin

371 MISCELLANEOUS Certain Amendments Projected for the Code on Pledges of Movables in Commercial Transactions* Assoc. Prof. H. Murat Develioglu Introduction The “Draft Law on Amendment to Certain Laws for the Improve - ment of the Investment Environment” has been prepared by the Gen- eral Directorate of Laws and Decisions of the Turkish Republic Prime Ministry, and has been presented to the Turkish Grand National As- sembly through a Directorate dated 30.1.2018. In the aforementioned Law, there are several amendments regarding the Code on Pledges of Movables in Commercial Transactions numbered 6750 (Code num- bered 6750) – which has been heavily criticized because of its content. In this study, the important portions of these amendments shall be briefly examined. Movable Assets that may be Subject to the Right of Pledge Under Article 5 of the Code numbered 6750, a right of pledge may be established on the below-mentioned movable assets: a) Receivables b) Trees that yield perennial offspring c) Rights subject to industrial and intellectual property d) Raw materials e) Livestock f) Acquisitions and revenues of any kind * Article of February 2018