Secured Credit under English and American Law

By:

Gerard McCormack

Format:

Hardback

Series:

Cambridge Studies in Corporate Law

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Description

Secured Credit drives economic activity. Under English Law it is possible to create security over almost any asset, but the law is widely considered to be unsatisfactory for several reasons, including a cumbersome registration system, a preoccupation with formalistic distinctions and the lack of clear and rationally-determined priority rules. Gerard McCormack examines the current state of English law highlighting its weaknesses. He uses Article 9 of the American Uniform Commercial Code as a reference point: this Article has successfully serviced the world's largest economy for over 40 years and is increasingly used as the basis for legislation by Commonwealth jurisdictions including Canada and New Zealand. The Law Commission has suggested the enactment of similar legislation in England. In addition, McCormack considers if there really is a case for the priority of secured credit, as well as if there are other international models to draw upon. Contains the text of Article 9.

Author Biography:

Gerard McCormack is Professor of Law at the University of Manchester.

Release date Australia

June 14th, 2004

Author

Gerard McCormack

Audience

Professional & Vocational

Pages

436

Series

Cambridge Studies in Corporate Law

Dimensions

160x235x34

ISBN-13

9780521826709

Product ID

4780923

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