Created Date:
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
