Warehouse facilities relate to financing arrangements where a lender provides funding secured against goods stored in warehouses or against warehouse receipts. A solicitor in this area drafts and negotiates security, negotiates intercreditor terms, and organises access to stock and receipts as collateral. They review warehouse operator arrangements, arrange how stock movements and insurance are governed, and handle enforcement procedures if the facility is defaulted on, including dealing with borrowers, warehousemen, and insurers. The work is shaped by the specifics of the facility, including the type of stock, the structure of the facility, and any cross-border lenders or customers involved.
What a solicitor handles in these matters
The solicitor handles the drafting and perfection of security over stock and warehouse receipts, negotiates intercreditor and subordination terms, and coordinates with the warehouse operator, insurers, and customers. They may advise on corporate structures, perfecting charges, notifying registries or registries of documents, and enforcement steps if the borrowing entity breaches the facility terms. The work often involves tracing proceeds, handling release of stock, and ensuring compliance with financial services regulation and applicable company and security law.
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Leads the Warehouse Facilities team
Scott Sands
Partner
Works with Sunil Mohindra
