Registration for stock mortgage at the Vietnam securities depository and clearing corporation
In the context of an increasingly advanced financial market, the mortgage of stocks by shareholders of joint-stock companies has become a crucial tool for capital raising and financial management. However, mortgage stocks in these companies sometimes necessitate compliance with registration regulations stipulated by securities law. This article will examine the concept of stock mortgage and the regulations for registering mortgages of stocks at the Vietnam Securities Depository and Clearing Corporation. 1. Definitions of stocks mortgage Currently, the law does not provide a specific definition for the mortgage of stocks but only contains definitions related to the mortgage of assets. According to Article 317 of the Civil Code 2015, a mortgage (of assets) is when one party (hereinafter referred to as the mortgagor) uses assets that belong to them to secure the performance of obligations without transferring the assets to the other party (hereinafter referred to as the mortgagee)...