Taking and Enforcing Security in Europe
Taylor Wessing's International Restructuring and Corporate Recovery Group is delighted to invite you to attend our seminar on 7 February 2012 at 4:30pm on the topic of enforcing security in Europe.
Since the beginning of 2004, the market has seen a rapid growth in the use of complex leveraged finance structures across Europe with UK banks in particular applying such structures in many transactions. These structures have regularly had security packages which were intended to grant high levels of protection over real estate and similar assets, often located in multiple jurisdictions across Europe.
Since the onset of the financial crisis, lenders have naturally become more concerned with the protection, forcing many to analyse the effectiveness of their packages, and in numerous cases, to test it on the ground in close coordination with their European correspondents and advisers.
Since taking/enforcing security varies from jurisdiction to jurisdiction, this seminar aims to summarise the key issues arising in the European jurisdictions of France, Germany and Belgium and provide the audience with a comparative analysis as regards common rules and practices in the UK.
We will notably explore:
- a brief comparison of the major enforcement issues in the UK as against those which exist in continental Europe;
- the extent to which enforcement proceedings are dealt with in various jurisdictions;
- the pitfalls to be aware of and circumstances in which the relevant security can become either frozen or void;
- and the difficulties experienced across Europe by some lenders in intricate or conflicted transactions.
This seminar will last for around one hour and there will be an opportunity afterwards for networking over drinks.
RSVP: Please click here to register for this event, or if you have any queries.
07.02.2012
16:30 - 20:00
Taylor Wessing LLP, 5 New Street Square, London, EC4A 3TW
