Interlaw Ltd., an Elite* global law firm network, is delighted
to present this survey of how practices differ across the world
when a lender takes security or collateral over moveable property.
Terminology can be an issue here - some talk of
"security", others of "collateral" or
"charge"; some call the assets in question
"moveable", others talk of "personal property";
and that's before we bring other languages into consideration.
By whatever name called, we're considering taking security for
finance over such things as vehicles, plant and equipment,
receivables, contractual rights - in other words both tangibles and
intangibles, but generally not land and buildings.
With the globalisation of commerce and finance, it is of vital
importance to lenders and other financiers to understand that the
opportunities for taking collateral in their home jurisdictions may
not exist in other jurisdictions or indeed that they may be greater
in other jurisdictions. While no one can
