Slavenburg: Difference between revisions

105 bytes added ,  25 November 2019
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Much of the practice of modern financial law may be inane, [[tedious]] and confusing, but at least you don’t get sent to the companies office to file something with the express intent of having it thrown back in your face because you didn’t need to file it. This was a work-a-day experience for a young clerk in the last century.
Much of the practice of modern financial law may be inane, [[tedious]] and confusing, but at least you don’t get sent to the companies office to file something with the express intent of having it thrown back in your face because you didn’t need to file it. This was a work-a-day experience for a young clerk in the last century.


Successive UK Companies Acts had required [[security interest]]s granted by UK companies to be registered at companies house. Entertainingly, you had exactly 30 days from the date of the deed creating the [[charge]] to do it, on pain of your security being rendered finally, fatally, and irrevocably void and, should you have been the one so lacking in the fastidious qualities all solicitors must have as to forget, your own sorry hide being summarily executed by the staff partner after a brief show-trial. All excellent fun.
Successive UK [[Companies Act 2006 (UK)|Companies Acts]] required those benefiting from [[security interest]]s granted by UK-incorporated companies to be registered at Companies House. Entertainingly, you had exactly 21 days from the date of [[delivery]]  of the [[deed]] creating the [[charge]] to do it, on pain of your [[Security interest|security]] being rendered finally, fatally, and irrevocably void. Should you have been the one so lacking in the fastidious qualities all solicitors must have as to ''forget'', your own sorry hide would be summarily executed by the staff partner, after a brief show-trial. All excellent fun.


Now before about 2011, you also had to register charges against ''foreign'' business with a UK “place of business”. Since no one knew what that meant and, by any lights, it could change over time, stripling clerks were dispatched to companies house to register charges against ''any'' foreign company, including those without a hint of a UK dimension, and indeed those (UK tax-sheltering [[espievie]]s for example) that owed their utter, abject existence to not, in their weakest moment, having the merest fleeting conception that they might one day have a place of business in the UK.
Now before about 2011, you also had to register charges against ''foreign'' business with a UK “place of business”. Since no one knew what that meant and, by any lights, it could change over time, stripling clerks were dispatched to companies house to register charges against ''any'' foreign company, including those without a hint of a UK dimension, and indeed those (UK tax-sheltering [[espievie]]s for example) that owed their utter, abject existence to not, in their weakest moment, having the merest fleeting conception that they might one day have a place of business in the UK.