Part VII Criticism and Reform Proposals, 23 Criticism and Reform Proposals
Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka
- Security interest — Insolvency set-off
23.01 Aspects of law governing security over personal property, and especially the registration requirements for company charges and for bills of sale and the rules of priority, have been criticized for many years. In particular there has been a series of reports recommending reform. Some of these have recommended amendments to the Companies Act and the rules of priority of charges registered under the Act. Others have proposed more radical reforms that would replace both the Companies Act and the Bills of Sale Acts with a ‘notice-filing’ scheme based on Article 9...