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Examples for an appropriate legal and regulatory framework in different Eastern Europe countries


(Deda, 2002)


– land registry

– basic banking laws for mortgage execution

Work they did:

They reformed these laws and regulations

They were missing these laws. They created new laws. Weakness of the state over ownership led to vast occupation of land (squatters in Tirana). 2 property systems:

– Austrian (north)

– Turkish Tapijeh (South)

Unclear legal situation: banks have it difficult to register and execute mortgages.

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