Secured finance law in China and Hong Kong / Mark Williams, Lu Haitian and Ong Chin Aun.
2010
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Details
Title
Secured finance law in China and Hong Kong / Mark Williams, Lu Haitian and Ong Chin Aun.
Added Author
Imprint
Cambridge : Cambridge University Press, 2010.
Description
1 online resource (xxx, 419 pages) : digital, PDF file(s)
Formatted Contents Note
Introduction
Security over tangible personal property
Security over intangible personal property
Company security over personal property
Hire-purchase, leasing and conditional sale of tangible personal property
Priority of security interests over personal property
Enforcement, and creditor's remedies
Conclusion.
Security over tangible personal property
Security over intangible personal property
Company security over personal property
Hire-purchase, leasing and conditional sale of tangible personal property
Priority of security interests over personal property
Enforcement, and creditor's remedies
Conclusion.
Summary
This book examines systematically the current systems of secured lending in China and Hong Kong, where companies or individuals offer personal property as security for credit advanced by a lender. Valid and enforceable security reduces the risk to the lender and so lowers the cost of credit to the borrower. However, the Hong Kong system, being largely derived from English law, is highly complex and in need of root-and-branch reform. The forces of inaction have triumphed and valuable opportunities to create a modern, rational and efficient system have been squandered. In China, on the other hand, a completely new system has been created in the last twenty years which, whilst it has various problems and defects, has some notable advantages over the common law equivalent found in Hong Kong.
Note
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Location
WWW
Available in Other Form
Print version:
Linked Resources
Alternate Title
Cambridge Core.
Language
English
ISBN
9780511776960 ebook
9780521519342 (hardback)
9780521519342 (hardback)
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