Legal News

The ‘extended liens’ application

The ‘extended liens’ application
Published on: 08 November 2012
Published by: LexisPSL
  • The ‘extended liens’ application
  • Original news
  • What were the key features of the case and why is it significant?
  • What does the case tell us about the characterisation of security interests?
  • What light does the case shed on the interpretation and application of the Financial Collateral Arrangements (No 2) Regulations 2003, SI 2003/3226 (FCAR 2003)?
  • Will the court’s decision on the application of the Law of Property Act 1925, s 53 (LPA 1925) have any impact on practitioners?
  • Will this case affect the way in which you advise clients?

Article summary

Insolvency analysis: The latest court decision arising from the collapse of Lehman Brothers could have significant implications where other financial institutions hold dematerialised securities as collateral. Glen Davis QC of South Square discusses why many finance and financial services lawyers will want to look closely at this decision. or take a trial to read the full analysis.

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