Borrowing and lending across borders involves difficult legal issues. The relevant law and practice varies from one country to another. Advising clients, instructing correspondent lawyers and drafting agreements is therefore a complex matter. Covering selected, major jurisdictions on a country-by-country basis, this title gives an overview of the forms of security available, the procedures to be followed in completing such security arrangements, the enforcement of the security, and the pitfalls to look out for. This is an invaluable guide in helping practitioners to anticipate problems from an early stage in a transaction and assists the reader in instructing correspondent lawyers in the relevant country. Each country chapter adopts a similar format for ease of reference and covers in detail the following major areas: guarantees and indemnities, types of security, formalities, priorities, remedies and enforcement, vitiating factors, and enforcement of foreign guarantees and security.
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