Pegno non possessorio e patto marciano: dalla tutela statica del credito alle nuove forme di garanzia

The paper analyzes the non possessory pledge institution, as foreseen by the recent “save-banks” decree. The Author first explains the main features of the revolving pledge institution, commonly adopted by banking practice, then covers the characteristics of the new non possessory pledge and the similarities and differences between the two of them. The good’s value subject to guarantee is primarily focused, with a view to the new legal provisions on sales of goods subject to non possessory pledge.