Tracing proceeds of unauthorised dispositions of assets subject to a charge

Tracing proceeds of unauthorised dispositions of assets subject to a charge

Proprietary interests have the advantage of binding third parties, which is particularly important where the defendant is insolvent. Where the claimant bargained for creation of a proprietary interest, for example a bank was granted a charge, it is important to protect that interest. English law, unlike many civilian jurisdictions, offers proprietary protection by way of proprietary tracing claims. In the March edition of the Butterworths Journal of International Banking and Financial Law, Dr Magda Raczynska, Lecturer in Law at UCL outlines some of the difficulties of proprietary tracing claims in the context of charges.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.