27 May 2021

A guide to lending and taking security in Jersey (PLC Chapter)

Partners from our banking and finance practice have drafted the Jersey chapter of PLC's lending and taking security guide, providing a high level overview of this jurisdiction.

Summary

• Overview of the lending market
• Forms of security over assets
• Release of security over assets
• Special purpose vehicles (SPVs) in secured lending
• Quasi-security
• Guarantees
• Risk areas for lenders
• Structuring the priority of debts
• Debt trading and transfer mechanisms
• Agent and trust concepts
• Enforcement of security interests and borrower insolvency
• Cross-border issues on loans
• Brexit
• Taxes and fees on loans, guarantees and security interests
• Reform