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Luxembourg law pledge: Difference between revisions
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:'''The Pledged Assets''': What are you actually granting security over? This is the stuff in an account in Luxembourg. Expect it to include: | :'''The Pledged Assets''': What are you actually granting security over? This is the stuff in an account in Luxembourg. Expect it to include: | ||
:*'''Financial Instruments''' being financial instruments (“''instruments financiers''”<ref>It is a common feature of foreign law pledges to sprinkle elaborate foreign lingo around the document in italics as if they are some kinds of {{t|magic words}}.</ref>) in the widest sense of the word admitted under Luxembourg law, though you can expect the defintion to rabbit on a bit: you know, [[whether or not]] in dematerialised form, printed on urine-soaked vellum, gossamer, kleenex etc. | :*'''Financial Instruments''' being financial instruments (“''instruments financiers''”<ref>It is a common feature of foreign law pledges to sprinkle elaborate foreign lingo around the document in italics as if they are some kinds of {{t|magic words}}.</ref>) in the widest sense of the word admitted under Luxembourg law, though you can expect the defintion to rabbit on a bit: you know, [[whether or not]] in dematerialised form, printed on urine-soaked vellum, gossamer, kleenex etc. | ||
:*'''Related Assets''', meaning dividends, interest, proceeds — again, expect | :*'''Related Assets''', meaning income, dividends, interest, proceeds, payments in kind of [[any type, kind or nature]] — again, expect [[counsel]] to go to town here. This is where the frustrated author inside every [[Mediocre lawyer|modern securities lawyer]] really lets {{sex|her}} figurative imagination run wild. | ||
:'''Secured Obligations''': What does the pledge actually secure? | :'''Secured Obligations''': What does the pledge actually secure? | ||