Taking security

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Practice notes
What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
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9th Nov
Practice notes
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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9th Nov
Practice notes
The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...
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9th Nov
Practice notes
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
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9th Nov
Practice notes
Assignment is a means by which a lender can transfer its interest in a loan to another lender.For an overview of the reasons why a lender might...
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9th Nov
Practice notes
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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9th Nov
Practice notes
A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...
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Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan
Practice notes
Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...
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9th Nov
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...
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9th Nov
Practice notes
This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...
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9th Nov
Precedents
[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...
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9th Nov
Practice notes
Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...
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9th Nov

Most recent Taking security content

Q&As
As a general rule, it is possible to grant security over receivables as a chose in action. A chose in action is an asset or sum which is recoverable...
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22nd Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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22nd Jan
Practice notes
Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus (COVID-19) on execution of documents and company...
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21st Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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20th Jan
Practice notes
This Practice Note focuses on the impact of the end of the implementation period on facilities agreements. It discusses (or links to detailed...
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20th Jan
Practice notes
This Practice Note considers the principal types of security that a lender may look to take in a ship finance transaction. The main type of security...
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17th Jan
Q&As
Why might a borrower want to exclude part of its assets from the security package?In some secured financing transactions the borrower (or other...
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14th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1THE COMPANIES identified in Schedule 1 (each a Chargor and together the Chargors);...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1THE COMPANIES identified in Schedule 1 (each a Chargor and together the Chargors);...
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12th Jan
Precedents
This Deed is made on [insert date] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with registered number...
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12th Jan
Precedents
This Assignment is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Chargor], a company incorporated in England and Wales with...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties[insert name of CHARGOR], a company incorporated in England and Wales with...
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12th Jan
Precedents
Company number: [insert company number][insert company name] [Limited OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year].Parties1[insert name of Chargor], a company incorporated in England and Wales with...
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12th Jan
Precedents
This Assignment is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...
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12th Jan
Precedents
This Deed is made on [date]Parties1[insert name of Chargor], a company incorporated in England and Wales with registered number [insert company...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20 [insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...
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12th Jan
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Chargor], a company incorporated in England and Wales with...
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12th Jan
Precedents
Notice of assignment[To be printed on the headed notepaper of the assignor]To: [insert name and address of the relevant insurer]Date: [•]Dear [insert...
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12th Jan

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