Mourahib, Mustapha; Lemseffer, Ouns --- "Reforming an established secured transactions legal system: Why and how Morocco is approaching the challenge" [2015] ELECD 629; in Dahan, Frederique (ed), "Research Handbook on Secured Financing in Commercial Transactions" (Edward Elgar Publishing, 2015) 374

Book Title: Research Handbook on Secured Financing in Commercial Transactions

Editor(s): Dahan, Frederique

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781781001837

Section: Chapter 14

Section Title: Reforming an established secured transactions legal system: Why and how Morocco is approaching the challenge

Author(s): Mourahib, Mustapha; Lemseffer, Ouns

Number of pages: 29

Abstract/Description:

As part of its many reforms of its banking and financial sector, the Kingdom of Morocco has decided to launch an in-depth reform of the secured transactions legal framework (droit des sûretés mobilières). This reform has two main objectives. First, the reform addresses a national need: it is intended to improve access to credit for Moroccan enterprises and, in particular, the small and medium enterprises which are a vital component of the Moroccan economy. Second, the reform falls within a national strategy to attract international businesses and to make Morocco a regional and international financial hub. The chapter examines the context and importance of the secured transactions reform and the key elements of such reform and how they can serve as a model for jurisdictions that share the legal tradition of Moroccan law and would also want to reform what is a cornerstone of any financial sector.