NEWSLETTER-2017

246 NEWSLETTER 2017 and the content of Movable PledgeAgreements is regulated both under the Law and the Implementation Regulation. Accordingly, Movable Pledge Agreements must be validity executed before a notary public, or in electronic platform. A validity requirement for Movable Pledge Agreements is its registration with the Movable Pledge Registry. With respect to the content of the agreement, among other general provi- sions, the Law abolishes the lex commissoria prohibition in order to increase financing, and further avoids adding negative pledge clauses to ensure the continuity of the production of the asset and service of the pledgor.