The release of security interests in or other encumbrances attached to assets belonging to the debtor’s business should be governed by national law. Where the law in a Member State requires the express consent of the holder of a security interest for the release of that interest, that Member State should be able to provide for a derogation from that requirement, except where the holder objects to the release.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
