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The UK has introduced new rules which are aimed at making it easier for SMEs to raise equity financing a year earlier than originally intended.
With effect from 1st August 2011, companies will be able...
The ability to marshall
Where one debtor owes different debts to two or more creditors, but one of the creditors can enforce its claim against more than one security and the other can only resort to one, the equitable principle...
New case: Overriding interests
The question the court considered was whether the second defendant had an equity in relation to the property and, if so, whether the claimant’s charge took subject to that equity.
The court held that...