What is left of the Floating Charge?
Akintola, Kayode (2016) What is left of the Floating Charge? PhD thesis, University of Nottingham.
The proliferation of the corporate form has resulted in a state of dependency by the economy on the companies operating within it. These companies require the free flow of capital for investment, growth, and avoidance of precipitate insolvency. For over a century, the floating charge has played a cardinal role in the provision of credit to companies in the UK. Over the same period, the charge has undergone several statutory interventions raising doubts as to the ability of financiers to rely on the charge as a basis for extending and securing credit. This thesis explores the impact of some of these changes on lending practices and insolvency outcomes. The changes examined primarily relate to the redistribution of floating charge assets in favour of other creditors in insolvency.
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