This Practice Note sets out certain key cases and associated relevant content in relation to acceleration of debt and enforcement of security. The cases are divided by...
What is subrogation? Subrogation is an equitable mechanism aimed at preventing unjust enrichment by permitting one party to ‘step into the shoes’ of another and to bring...
Summary The nature of the asset covered by the security often dictates the manner in which it will be realised to produce value for the security holder upon enforcement...
What is a debenture? In the context of secured lending, the term 'debenture' means a form of security agreement that grants security interests over a broad range of the...
This Practice Note considers the enforcement options available to lenders where they hold fixed security. In particular it covers: • the options available when taking...
Summary The nature of the asset covered by security often dictates the manner in which it will be realised to produce value for the security holder upon enforcement. In...
The term receivables is often used to refer to book debts, although strictly speaking book debts is a narrower term because it refers to 'debts accruing in the ordinary...
Security over land can be taken by way of mortgage or charge with the appropriate form often depending on the significance of the land to the borrower's business or the...
This Practice Note summarises: • the different forms of share security • the main enforcement options open to security takers • practical considerations for security...
Summary A secured creditor has a variety of remedies available to it to realise value from the security. However, it is prudent for any secured creditor to check a number...
Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
Roles, powers and duties of administrators The core of an administrator's role is to achieve one of the three purposes of the administration set out in the Schedule B1,...