By Yasmine EDDAM
2 July 2025
Credit is an essential driver of business, but it depends on the creditor's confidence in the debtor's ability to honour its commitments. To secure a debt, the law of movable sureties offers an arsenal of guarantees enabling movable property to be allocated to the preferential payment of a debt. These mechanisms, at the heart of financial strategy and commercial law, have undergone major changes. This article provides an overview of the pledge and collateral regimes, clarified by the 2021 reform, and directs you to our detailed content for a more in-depth look at each aspect. Introduction to chattel security law Definition and role of chattel security A chattel security is a guarantee granted to a creditor over movable property (as opposed to immovable property). Its purpose is simple: to guarantee that the creditor will be paid the value of the collateral before the creditor's due date.
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