Full Description
The factor which distinguishes secured transactions from other types of transaction is that security generally needs to be registered. In April 2013, the rules concerning the registration of charges created by companies and LLPs were changed, and this has necessitated the substantial re-writing of the chapter on registration. The changes have also affected the law concerning the priority of security. Taking Security: Law and Practice explains how security - the creation and enforcement of proprietary rights to secure the payment of a monetary liability - is taken under English law. It offers a detailed explanation of types of security, creation, priority and enforcement. The work is mainly concerned with property and insolvency law, two areas where security is tested and enforced. Authoritative in approach this highly respected book provides guidance on both the legal principles and practical issues involved in taking and challenging security. This book is an essential reference for litigation lawyers when disputes arise, insolvency lawyers and accountants
Contents
Introduction Types of security Pledges Mortgages and charges Floating charges Creating security Creation Registration Priority of security Priorities Enforcing security Enforcement The effect of insolvency Security arising by operation of law Liens Alternatives to security Guarantees and indemnities Set-off International security Cross-border security Cross-border insolvency
