Security

Security guidance:

Competing security interests arise when more than one creditor has taken security over the same asset or group of assets. Determining the order of priority between those...

Practice Note

There are four main types of security available under English law: • mortgage • charge • pledge, and • lien This Practice Note explains: • the nature of a charge...

Practice Note

Debentures are used in many types of financing where it is desirable to take security over all of the assets of a particular entity. They are a form of umbrella document,...

Practice Note

Why is it necessary to perfect security? When a creditor takes security, it will be concerned with three issues: • whether the security is binding on the security...

Practice Note

In addition to ensuring its security has been validity created and perfected, a secured party will want to ensure its security ranks as it expects against any other...

Practice Note

BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact of Brexit on overseas...

Practice Note

This Practice Note provides a basic introduction to security and covers the following: • what is security • why do lenders take security • who can provide security • what...

Practice Note

Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree that their debt will...

Practice Note

A lender's primary concern is that it is repaid. Even if a lender obtains a judgment for payment of the sum owed to it by its borrower, this does not mean that a lender...

Practice Note