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DISPUTES ABOUT THE SENIORITY OF COLLATERAL CAN BE COMPLEX

... courts of two instances were guided by the fact that the bank's application was aimed at reviewing the judicial act. The cassation sent the dispute for reconsideration and pointed out the following: • Contrary to the conclusions of the courts, the property that is the subject of collateral at the request of the creditor is pledged by the bank. The bank and the creditor are the mortgagees of the same property. • The parties to the dispute established the seniority of the pledges in court, for the reason that the collateral claims ...

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