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Chapter 10 - Set-off as a security

Resource type: Chapter

Status: Published on 01-May-2010

Jurisdictions: England, Wales

This chapter from The Banker's Remedy of Set-Off (Bloomsbury Professional) is a guide to understanding the operation of set-off, a hugely important yet elusive principle in modern finance and commerce. It recognises that set-off is a powerful self-help remedy for creditors and examines how set-off actually functions. The book looks at problems of terminology, including terms such as lien and combination; and it considers whether set-off functions as a procedural claim, as a substantive or remedial claim, as a remedy, or as security. The impact of bankruptcy and liquidation is also addressed. This is an important and unique resource for all commercial practitioners.

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Sheelagh McCracken

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  • Resource ID: C-000-3996
  • Published: 01-May-2010
  • Products:  All Bloomsbury Books, Book: The Banker's Remedy of Set-Off, PLC UK Finance
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