"Page by page its account of the law is concise, lucid and evaluative, even in circumstances where the rules are amorphous and inconsistent ... every commercial lawyer will surely find it indispensable." - Journal of International Banking Law and Regulation
The new 5th edition of this acclaimed work provides a concise and lucid explanation of the law and regulation of credit and security. Regularly cited in court and in legal literature, it explores the fundamental concepts of common law and equity as they affect secured transactions.
Its rigorous analysis brings clarity to complex, technical areas. By showing accurately how underlying principles apply to different transactions it helps avoid misunderstanding and disputes. Given the increased activity in complex lending and credit arrangements, the new edition is more relevant than ever for an understanding of the essential law relating to secured transactions.
- Outlines the different forms that credit and security can take
- Provides unambiguous interpretation of the underlying legal principles
- Explains accurately how the principles apply in different transactions
- Identifies problem areas within the law and offers clear solutions
- Explains key concepts such as attachment, set-off, fixed and floating charges
- Considers the plethora of recent case law
- Examines national legislative developments and EU Directives
- Written in a clear and direct style, providing easy access to key concepts
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