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What is a restriction of the holder’s right of disposal (pledge)?

disposal pledge right
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What is a restriction of the holder’s right of disposal (pledge)?

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It is a restriction of the right of the holder to dispose of his international registration. Such a restriction may result, for instance, from a court order concerning the disposal of the assets of the holder, or from the fact that the international registration has been given as security or is the subject of a right in rem.

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