The Law of Secured Finance: An International Survey of Security Interests Over Personal Property

by Paul U. Ali

This book discusses in detail the types of security interest that companies can grant over their personal property, and the regulation of such security interests under the laws of England and Wales, and the major common law jurisdictions of Australia, Canada and New Zealand. Reference is also made to selected material on security interests from the economically important common law jurisdictions of Hong Kong, Malaysia and Singapore. The book also examines the latest forms of security interest - such as lightweight floaters and fixed charges over fluctuating asset classes - being used by financiers, and the substitutes for security interests, principally negative pledges, retention of title clauses, set-off and flawed assets. Finally, the book considers the international initiatives of UNCITRAL and Unidroit to place cross-border security interests on a sounder footing.

396 pages, Hardcover

First published May 9, 2002

About the author

Dr Paul Ali is an Associate Professor in the Law School and a member of the Law School's Centre for Corporate Law and Securities Regulation. Paul has published widely on banking and finance law. Paul has worked in the banking & finance and corporate groups of two national law firms. He has also worked in the securitisation team of a bank, and has been a principal of a private capital firm and a consultant with a corporate governance advisory firm. Paul's doctoral thesis (on marshalling of securities) was recently considered by the UK Supreme Court.