Effect of registering security on the UK Register of Aircraft Mortgages on priority of security interests
Effect of registering security on the UK Register of Aircraft Mortgages on priority of security interests

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Effect of registering security on the UK Register of Aircraft Mortgages on priority of security interests
  • Why is it important to determine priority between competing security interests?
  • What are asset registers?
  • Registration on the UK Register of Aircraft Mortgages
  • Registration on the UK Register of Aircraft Mortgages - effect on priorities
  • Notices of intent (priority notices)
  • The Cape Town Convention
  • Comparison between effect of registering security on the UK Register of Aircraft Mortgages and effect of registering security at Companies House
  • Comparison between effect of failure to register security on the UK Register of Aircraft Mortgages and failure to register security at Companies House

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers?

STOP PRESS—Coronavirus (COVID-19) and registration of charges at Companies House: The content of this Practice Note is affected by the Companies etc (Filing Requirements) (Temporary Modifications) Regulations 2020, SI 2020/645 (the Regulations), which temporarily extend some deadlines for filing documents or notices with Companies House. In so far as it may affect the content below, the Regulations:

  1. extend the period for filing charges under section 859A of Companies Act 2006 (CA 2006) from 21 days to 31 days beginning with the day after the date of creation of the charge—Companies House guidance issued on 1 July 2020 states that this applies to charges created on or after 6 June 2020

  2. extend the period for registration of instruments of alteration of floating charges granted by Scottish companies under section 466 of the Companies Act 1985, and

  3. increase to 42 days the

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