Dentons has published its first ever global Taking Security Guide, which offers an overview of the requirements and regulations on taking security against loans in more than 30 countries across Europe, North America, Asia, Australia, Africa, Latin America and the Middle East.
"In our interconnected global economy, banking and finance transactions are becoming increasingly complex and regulatory frameworks are constantly evolving," said Helen Ord, Partner at Dentons' Sydney office. "The act of taking security in loan transactions requires creditors to continually keep abreast of relevant regulations and their developments. Cross-border transactions, in particular, demand careful consideration of the choice of law and security package structuring in order to manage risk".
The Taking Security Guide allows both lenders and borrowers to keep abreast of local regulatory positions and developments, and compare their security position or options across multiple jurisdictions.
For each country, the guide provides an outline of the types of obligations that can be secured; the types of security that can be taken; specific requirements relating to guarantees; financial assistance restrictions; applicable fees and taxes; and enforcement rights.
This guide is intended to be an overview only and does not serve as legal advice on taking security in the jurisdictions covered. Queries regarding a specific country can be directed to the Dentons lawyers noted at the end of each section.
Dentons' global Banking and Finance practice includes more than 900 lawyers around the world, offering quality advice and insight in the areas of banking, finance, financial institution regulation and private equity.
The full Taking Security Guide, as well as regional and country excerpts, is available to download.
Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
