The final part of the Security Interests (Jersey) Law 2012 comes into force today, allowing the creation and registration of new security interests over shares and other intangible moveable property in Jersey to be possible.
There are steps that lenders should take to ensure they are able to take advantage of the provisions of the new law, and there may be opportunities for potential or existing borrowers to borrow moneys or more moneys from lenders in light of the new law given that it enables lenders to attain more comprehensive security than has been possible under the old law.
Read our article An enhanced security regime for Jersey for more information on how the new law will impact on security granted over intangible moveable property in Jersey.
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.