Registration of charges: Difference between revisions

no edit summary
(Created page with " ===UK=== Subject to specified exceptions, a UK entity must register non-possessory {{tag|security}} (for example, a floating charge) it grants in favour of any creditor...")
 
No edit summary
 
(4 intermediate revisions by the same user not shown)
Line 1: Line 1:
 
{{a|security|}}{{charges in the uk}}
===UK===
{{charges in ireland}}
Subject to specified exceptions,  a UK entity must register non-possessory {{tag|security}} (for example, a [[floating charge]]) it grants in favour of any creditor at Companies House within 21 days of creating the security, or it will be void on insolvency and against other creditors.
{{sa}}
 
*[[Slavenburg]] registrations (it’s a hoot honestly)
Why? Because it continues to hold onto the secured asset, a thbird party dealing with it (who might wish to take security over it) needs to know that it is impressed with a security interest. Not so important when the charge physically holds the asset, since the charger in that case isn't free to deal with it.
*[[Financial Collateral Regulations]]
 
{{ref}}
{{charges in Ireland}}