Document background
An Asset Pledge Agreement under Belgian law is essential for transactions requiring security over movable assets. This document is typically used in financing arrangements where a lender requires security over a borrower's assets, or in other commercial transactions requiring asset security. The agreement must comply with the Belgian Pledge Act of 2013 and related legislation, which modernized Belgium's security interest regime. It covers crucial elements such as asset description, perfection requirements (including registration in the National Pledge Register where applicable), enforcement procedures, and the parties' rights and obligations. The document is particularly important in commercial lending, asset-based financing, and corporate restructuring situations where asset security is required. Its use has increased since the 2018 implementation of the new pledge regime, which enhanced the flexibility and effectiveness of security interests in Belgium.
