The prohibition to create successive pledges applies again as the Catalonian Parliament could not ratify Decree 9/2019.
On 21 May 2019, the Catalonian legislature passed Decree 9/2019 to modify certain articles of the Catalonian Civil Code, as highlighted in this previous Client Alert. After Decree 9/2019 entered into force on 24 May 2019, Catalonian legislation did not contain any prohibition to create successive pledges.
Please see full publication below for more information.