By Yasmine EDDAM
13 June 2025
When a company seeks to obtain financing, the collateral required by lenders is often at the heart of the negotiations. Among the tools available, the pledge of shares represents an effective security, enabling a partner to guarantee a debt by using his own shares as collateral. This technique, which is similar to a mortgage on intangible property, raises specific legal issues depending on the form of the company concerned. Its rules have been modernised to better meet the needs of business life, as we explored in our comprehensive guide to pledging. Understanding the mechanisms involved is essential, both for creditors seeking to secure their claims and for shareholders pledging their assets. Pledging company shares: a multi-faceted form of security Pledging company shares is a contract under which a shareholder, the pledgor, pledges his shares as security for a debt owed to him by the company.
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