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Luxembourg law pledge: Difference between revisions
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''And'' that’s about it: rather like going to a Christening. the main event is now over, and you now have to sit in the church for three quarters of an hour croaking hymns, listening to the choir warble through some psalms, the vicar grumble through the same tedious sermon he’s been doling out for thirty years etc. So strap yourselves in. | ''And'' that’s about it: rather like going to a Christening. the main event is now over, and you now have to sit in the church for three quarters of an hour croaking hymns, listening to the choir warble through some psalms, the vicar grumble through the same tedious sermon he’s been doling out for thirty years etc. So strap yourselves in. | ||
====[[Reps and warranties]]==== | ====[[Reps and warranties]]==== | ||
What self-respecting legal contract would be complete without [[representations and warranties]]? | What self-respecting legal contract would be complete without [[representations and warranties]]? Expect the Pledgor to be asked to make several reps as to legal matters (such as “the pledge is a [[financial collateral arrangement]] (''[[contrat de garantie financière]]'')”. Reps as to legal matters are, of course, basically stupid in any circumstances; particularly this one where it is some foreign, romanesque, burlesque system of law from a place thronging with dentists and people wearing pork pie hats. You can try arguing “How on earth should I know? I’m not a Luxembourg lawyer. I don’t even speak French for crying out loud.” This may make you feel better but it is not likely to get you anywhere. You will eventually have to accept this blighted, messed up universe for the imperfect place it is and make the representation. After all, what if it isn't? Whose problem is that? by the time anyone works it out it sure won’t be yours. | ||
====Enforcement==== | ====Enforcement==== | ||
There will be specific Luxembourg law requirements about how you enforce the pledge, should it ever come to that. The pledgee may: | There will be specific Luxembourg law requirements about how you enforce the pledge, should it ever come to that. The pledgee may: | ||
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then: Costs, notices, amendments, severability, succession, governing law. | then: Costs, notices, amendments, severability, succession, governing law. | ||
{{ | {{sa}} | ||
*[[Pledge]] | *[[Pledge]] | ||
*[[Charge]] | *[[Charge]] | ||
{{ref}} | {{ref}} | ||
{{c|Foreign Security}} | {{c|Foreign Security}} | ||