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Luxembourg law pledge: Difference between revisions
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A [[pledge]] — that is, a form of {{tag|security interest}} — governed by {{tag|Luxembourg}} law. | A [[pledge]] — that is, a form of {{tag|security interest}} — governed by {{tag|Luxembourg}} law. | ||
Especially useful if your [[lex situs]] happens to be [[Luxembourg]], which has always been relatively common, and is more so now the {{tag|United Kingdom}} has sentenced its own financial services industry to a lingering and painful death by existing the {{t|European Union}}, likely to become ever more common. | Especially useful if your [[lex situs]] happens to be [[Luxembourg]], which has always been relatively common, and is more so now the {{tag|United Kingdom}} has sentenced its own financial services industry to a lingering and painful death by existing the {{t|European Union}}, likely to become ever more common. | ||
Not having a developed law of {{tag|equity}}<ref>The [[fiduciary]] concept notwithstanding, which sounds EXACTLY like a .</ref>, Luxembourg law doesn’t faff around with concepts like [[fixed charge|fixed]] or [[floating charge|floating]] [[charges]], making its security analysis a lot less tedious: there is none of this doleful “is it a fixed charge or a floating charge, oh woe is me! What would {{casenote1|Re Spectrum Plus}} or the ''[[extended liens]]'' decision have to say about that?” | Not having a developed law of {{tag|equity}}<ref>The [[fiduciary]] concept notwithstanding, which sounds EXACTLY like a product of the law of equity.</ref>, Luxembourg law doesn’t faff around with concepts like [[fixed charge|fixed]] or [[floating charge|floating]] [[charges]], making its security analysis a lot less tedious: there is none of this doleful “is it a fixed charge or a floating charge, oh woe is me! What would {{casenote1|Re Spectrum Plus}} or the ''[[extended liens]]'' decision have to say about that?” | ||
{{seealso}} | {{seealso}} | ||
*[[Pledge]] | *[[Pledge]] | ||
*[[Charge]] | *[[Charge]] | ||
{{ref}} | |||