From Bytes To Bank: Can Your IP Address Secure A Loan?

Published in the JEP's Finance Review supplement published 18 September 2024

A recent judgment of the High Court of England and Wales considered how security might be taken over internet protocol addresses.

An IP address is a device's online passport, allowing the device to send and receive data. We thought it would be interesting to consider what the situation would have been if the case had come before the Jersey courts.

English case summary

UKCloud Ltd had granted security to one of its creditors by way of a debenture over the company's assets (including IP addresses worth £700,000).

When UKCloud became insolvent and defaulted on its loan, the secured creditor sought to enforce its rights under the debenture.