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The Law & Practice of True Sales

The Law & Practice of True Sales raises issues of general law, applicable to many circumstances, as well as complex issues relating to insolvency and practical enforcement.

Publisher: LNUK
Print
£268.00
Quantity
Free delivery for UK
In Stock
Published:
ISBN/ISSN: 9781405798464
Publisher: LNUK

Product description

The issue of true sale is one of immense importance in the finance markets, where billions of pounds are invested based on a given treatment of a transaction. At the heart of many structured finance transactions is some form of transfer of assets - usually a sale. Practitioners seek to ensure the robustness of this transfer because of concerns that courts might treat a transaction as a disguised loan or might unwind the transfer on the later insolvency of the transferor. Securitisation is the biggest market where this is a crucial issue; other structured finance transactions where assets are transferred to a special purpose company or are sent off balance sheet also use a true sale. This book raises issues of general law, applicable to many circumstances, as well as complex issues relating to insolvency and practical enforcement.

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Table of contents

Part 1 – General principles - Introduction and history

Areas of application
Principles
Treatment on insolvency
Cross border transactions
Cross border insolvency
Legal v accounting treatment

Part 2 – Specific contracts - Securitisation; Receivables purchase

Sales of goods
Sales and leasebacks
Derivatives