This work covers creating and enforcing security interests over assets to support lending, typically by banks and other lenders. It includes drafting and registering charges or mortgages, perfection of security, and addressing priority and enforcement on default. A solicitor handles the documentation, conducts due diligence on the borrower’s assets, advises on remedies if a borrower breaches the security, and coordinates proceedings to realise the secured asset if needed.
What a solicitor handles in these matters
The solicitor handles complex acts and documents, including setting up fixed or floating charges, ensuring proper perfection, and navigating priority between competing creditors. They manage the interplay with corporate structures, cross-border financing, and any security trustees or intercreditor arrangements, tailoring the security package to the lender’s risk and the borrower's financial position.
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