Now in its 5th edition, the book gives a thorough and concise explanation of the law and regulation of credit and security so you can understand how the underlying principles apply to different transactions.

Professor Sir Roy Goode and Professor Louise Gullifer define how security can be applied as part of a credit agreement and explain key concepts such as attachment, set-off, fixed and floating charges.

Covered in the new 5th Edition:-

• The new regime for registration of company charges introduced in April 2013
• Gray v G-T-P Group Ltd and In the Matter of Lehman Brothers International (Europe) (In Administration) on the scope of the requirement of ‘possession or control’ in the Financial Collateral Arrangements (No.2) Regulations, as well as amendments to those Regulations
• Fearns v Anglo-Dutch Paint and Chemical Co Ltd and Geldof Metaalconstructie NV v Simon Carves Ltd on the effect and scope of transaction set-off
• The effect of Belmont Park Investments Pty Ltd v BNY Corporate Trustee Services Ltd and subsequent cases on contractual set-off and on netting provisions
• Chapters on financial collateral and set-off and netting substantially rewritten

Contents:
– The Nature and Forms of Consensual Security

– Attachment and Perfection of a Security Interest: General Considerations

– Attachment, Perfection and Effects of Fixed Security in Non-Documentary Receivables

– The Floating Charge

– Fixed and Floating Charges: Some Problems of Priority

– Security Interests in Corporate Investment Securities

– Set-Off, Netting and Abatement

– Some Aspects of Suretyship Law.