Clog on the equity of redemption

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A word about credit risk mitigation
Clogs on the equity of redemption (obscured)

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Giving the lie to the old saw that civil law tradition favoured by our continental cousins isn’t clever enough to separate legal and beneficial interests comes this proof that a fundament of the law of equity has its origins in Netherlands. For, otherwise, they would be sneakers on the equity of redemption, wouldn't they.