It is no surprise that intangible assets such as intellectual property are becoming increasingly important as any other forms of tangible assets, i.e., lands and machinery, to the contemporary business concern. In view of the importance of the intellectual property, Trademarks Act 2019 (“TMA 2019”) that came into force on 27 December 2019 now recognises trademark as a form of security interest and regard it as an object of personal or movable property such as stocks and cars regardless of whether it is registered or pending.