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For many years taking security over art from an individual where the art is left on his or her walls has been very challenging given the archaic procedure laid down by the Bills of Sale Acts passed in the 19th century.
For many years taking security over art from an individual where
the art is left on his or her walls has been very challenging given
the archaic procedure laid down by the Bills of Sale Acts passed in
the 19th century.
At last, despite all the disruption of Brexit, it look as though
this parliament will shortly be passing a new Act to simplify the
process of taking security over goods including motor vehicles.
Click here to read the briefing which relates to the Goods
Mortgages Bill and is primarily aimed at lenders in the art
market.
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.
