Abstract
This chapter describes the Japanese law on security interests in transport vehicles, in particular its creation, registration, enforcement as well as its treatment in the insolvency proceedings. It covers not only the general rules under the Civil Code but also discusses special statutes such as the Aircraft Mortgage Act and Railway Mortgage Act. The Japanese law is unique in that, although Japan is the civil law country, the case law adopts the functional approach and treats title based security as security interest.
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