Calnan on Taking Security
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Commentary
SOURCE CURRENCY 5th Edition, November 2024 Calnan on Taking Security is a highly respected, authoritative and practical text on security law which examines the key legal principles in taking, perfecting, enforcing and challenging security.
The 5th Edition has been fully updated in light of major legislative and other changes over the last 6 years, including:
- The Corporate Insolvency and Governance Act 2020 which signals a major change in the approach of the legislature to the question of how to deal with companies in financial difficulties, and how this has affected secured creditors.
- A new chapter has been included which provides more discussion concerning reform of the law of secured transactions.
- Important new cases, including the Supreme Court's decision in the Sequana case on the fiduciary duties of directors in relation to creditors.
- International security has also been affected by legislative changes to cross-border insolvency legislation – particularly the limitation on the effect of the recast EU Insolvency Regulation and the potential adoption of the UNCITRAL model law following on from Brexit.
The 5th Edition has been fully updated in light of major legislative and other changes over the last 6 years, including:
- The Corporate Insolvency and Governance Act 2020 which signals a major change in the approach of the legislature to the question of how to deal with companies in financial difficulties, and how this has affected secured creditors.
- A new chapter has been included which provides more discussion concerning reform of the law of secured transactions.
- Important new cases, including the Supreme Court's decision in the Sequana case on the fiduciary duties of directors in relation to creditors.
- International security has also been affected by legislative changes to cross-border insolvency legislation – particularly the limitation on the effect of the recast EU Insolvency Regulation and the potential adoption of the UNCITRAL model law following on from Brexit.
