The Law and Practice of True Sales

Erscheinungsjahr 2015
ISBN: 978-1-4057-9846-4
Verlag: LexisNexis UK

Buch, Englisch, 312 Seiten, Format (B × H): 155 mm x 246 mm, Gewicht: 730 g

The first text of its kind, essential for professionals in the structured finance market. At the heart of many structured finance transactions is some form of transfer of assets - usually a sale. This book seeks to analyse an area of law that is of great practical importance but which has been largely left untouched by academics and market commentators.

Zielgruppe

Barristers and solicitors in private practice specialising in banking & finance law; Barristers and solicitors employed as in-house counsel to banks and other financial institutions; Barristers and solicitors in private practice specialising in restructuring & insolvency law; Barristers and solicitors in private practice specialising in commercial litigation; University libraries

Autoren/Hrsg.

Grandage, Nick

Franks, Daniel

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht

Inhaltsverzeichnis

Part I - General Principles;

1. Introduction; 2. Summary of true sales rules; 3. Legal concepts relevant to true sales and recharacterisation; 4. Meaning of a true sale; 5. Does the character of the transaction matter?; 6. English law relating to true sales and their recharacterisation; 7. Fixed and floating charges; 8. ‘Substance over form’; 9. Cross-border transactions; 10. The operation of the agreement and subsequent behaviour of the parties; 11. Policy factors; 12. The meaning of a sham; 13. The effect of pricing by reference to financing returns; 14. Back-up security; 15. Law reform – past and present; 16. Unwinding of transactions, in particular on insolvency; 17. Regulatory and accounting matters and potential liability for wrongful accounting; 18. Taxation;

Part II - Specific Transactions;

19. Receivables purchase transactions; 20. Securitisation; 21. Participation transactions; 22. Repurchase transactions involving goods; 23. Repurchase transactions involving securities; 24. Securities lending transactions; 25. 1995 ISDA Credit Support Annex (Bilateral Form - Transfer); 26. Leasing transactions