Focus On: The Security Interests (Jersey) Law 2012

The Security Interests (Jersey) Law 2012 (the "2012 Law") has a wide scope, allows flexibility in the methods of taking and perfecting security, and affords secured parties wide enforcement powers and protection in insolvency. The 2012 Law also deals with non-security assignments of "receivables" as defined, but these are outside the scope of this note.

Scope of the 2012 Law

Asset classes

In summary, the 2012 Law enables security interests to be taken in all asset classes usually encountered:

• documentary intangibles (i.e. negotiable instruments and negotiable investment securities) situated in Jersey;
• investment securities (e.g. shares/units/debt securities) listed on a register maintained in Jersey, or maintained by a Jersey company or individual;