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

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