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The Law and Practice of International Banking, 2nd Edition by Proctor, Charles (1st March 2015)

Part E Guarantees and Security, Preliminary Material

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. Subscriber: null; date: 25 August 2019


The present section is intended to provide an overview of the law relating to guarantees and security which a bank may take in order to provide additional cover for facilities provided to borrowers.

The section is arranged as follows:

  1. (a)  Chapter 26 contains a discussion of the law relating to guarantees, including the formalities applicable to a guarantee, the defences potentially available to a guarantor, and various other matters;

  2. (b)  Chapters 27 to 34 deal with particular types of security, such as charges over book debts, shares, real estate, ship, and aircraft;

  3. (c)  Chapters 35 to 39 examine various statutory and other rules which may have the effect of avoiding or vitiating the bank’s security.

(p. 528)