Template:Amending security interests: Difference between revisions
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If you amend a [[security document]] you risk the argument that you have terminated the old [[security interest]] and created a new one, thereby re-starting any [[voidable preference]] period, potentially invalidating any previously registered charge at [[Companies House]], and of course relegating your interest behind those of anyone who has registered a security interest over the same assets in the | If you amend a [[security document]] you risk the argument that you have terminated the old [[security interest]] and created a new one, thereby re-starting any [[voidable preference]] period, potentially invalidating any previously registered charge at [[Companies House]], and of course relegating your interest behind those of anyone who has registered a security interest over the same assets in the mean time. | ||
Some of these risks have been de-complicated by the [[financial collateral regulations]] (insofar as they've done away with registration requirements for [[financial collateral arrangement]]s), and while this is a bit of a mine-field, basic common sense should avoid anyone but the most headless [[chicken-licken]] standing on any landmines. | Some of these risks have been de-complicated by the [[financial collateral regulations]] (insofar as they've done away with registration requirements for [[financial collateral arrangement]]s), and while this is a bit of a mine-field, basic common sense should avoid anyone but the most headless [[chicken-licken]] standing on any landmines. | ||