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Advantages of the New Security Interests (Jersey) Law

October 2011 - Corporate & Commercial. Legal Developments by Ogier .

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The Security Interests (Jersey) Law 1983 (the “1983 Law”) governing security over intangible movable property in Jersey (eg shares, units, accounts and contractual rights) has been in force for almost three decades. While the 1983 Law is a concise and clearly drafted law which has generally worked well, it has become increasingly outdated in the context of modern banking and finance transactions.

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