The assignment of the mortgage rank, a legal solution for settling a practical situation.

Changes in the initial arrangements between creditors under financing agreements often trigger significant costs from the perspective of the perfection formalities of the related security package. In this context, the excessive land book taxation and notary fees which by law are determined by reference to the loan amount could be mitigated through several mechanisms as analyzed by our colleagues Siranus Hahamian and Diana Bejenaru.

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