Ireland—Post-completion phase in loan transactions
Published by a Lexis+ Ireland - Banking & Financial Services expert
Practice notesIreland—Post-completion phase in loan transactions
Published by a Lexis+ Ireland - Banking & Financial Services expert
Practice notes
Timing
This phase of a loan transaction occurs after completion. It should be a short phase which is completed as soon as possible but can often take longer than expected.
What happens during this phase?
There are various steps that may be required after completion of a loan transaction, some are legal in nature and some are administrative.
Secured transactions
Once security documents are executed, in many cases it will be necessary to undertake further steps to 'perfect' the security. Perfection is the means by which security is made enforceable against certain third parties (but not necessarily all third parties).
Perfection can be achieved in a number of ways and the correct way of perfecting a particular
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