What Is A Precautionary Attachment?
Precautionary attachment is a temporary legal protection that enables the seizure of the debtor’s assets by a court decision in order to guarantee the outcome of the current proceedings regarding money receivables. The creditor requests a precautionary attachment with an appropriate petition from the competent court based on the receivable arising or not arising, and if the court accepts this request, the court orders the creditor to deposit a security ranging from 10 percent to 15 percent. Without this deposit, it is impossible for the court to issue a precautionary attachment decision.