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Amwelladmin (talk | contribs) (Created page with "Latin for “''the law of the place''”. Relevant when contemplating the magic incantations of taking security over assets in far-off places. In a nutshell,...") |
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Revision as of 08:26, 23 October 2018
Latin for “the law of the place”. Relevant when contemplating the magic incantations of taking security over assets in far-off places.
In a nutshell, international conventions of security law say that it is best to have security interests governed by the “lex situs” – the prevailing law where the assets are physically located. So if your assets are held in a tri-party collateral arrangement in Luxembourg, for example, even if your trading contract is an english law 2010 GMSLA, you ought to have a Luxembourg law pledge to go with your English law fixed or floating charge.