LLAW6100
Securities for corporate lending
A study of the assets of a company and the use of those assets as security for company borrowing. Topics to be studied include: loan capital, comparison with equity capital, the assets of the company, the power of the company to borrow, secured and unsecured loans, the use of the Debenture, registration of charges, identity of the lender, the forms of traditional security, fixed and floating charges, crystalization, the forms of quasisecurities, trusts, sale and repurchase agreements, default, effect of insolvency and the particular form of security, enforcement of securities, negative pledges, subordination, set-off, asset-backed securities, receivables, receivers, legislation including the Companies Ordinance.