By Loo Wee Ling
The 'Law of Credit and Security' is more than an update of the original work published in 1999 under the title of 'Finance Law'. In this new edition, the reader is eased into an understanding of the role of a banker in relation to its customer, the life cycle of a loan transaction, the practical, commercial and legal considerations which go into the negotiation of the financial package and the methods in which lenders protect their interest through carefully drafted contractual terms.
It also introduces the multi-varied methods of obtaining financing in the course of a business and the kinds of security or quasi-security interests that may be created over different assets or given by an individual in favour of the financier; with basic legal principles and key legal issues highlighted. The reader will then be taken through the legal remedies available to a financier should a borrower of a debtor default.
New in this edition:
- Continued use of lay language, illustrative figures, tables and cases boxes to elucidate legal concepts and content organized in a manner meaningful to the lay person.
- New insertions of authoritative case law and Singapore legislative provisions for legal concepts discussed throughout the book (accurate as at 1 July 2011).
- New alerts to sources for more detailed treatments of specific topics under discussion as well as impending revisions in the law, where relevant.
- Added detail and content on topics covered, especially in the chapters dealing with security or quasi-security interests that may be created by over various types of assets, the provision of personal security and financiers' remedies.
1. Business Financing: The Basic
2. Legal Relationship: Banker and Customer
3. Entering into a Financial Arrangement
4. Protecting the Lender's Interests
5. Unsecured Financing: Credit & Charge Cards
6. Trade Credit Financing
7. Letters of Credit
8. Secured Credit
9. Land as Security
10. Goods as Security
11. Intangible Property as Security
12. Personal Security
13. Financier's Remedies
14. Final Words