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Fixed and floating charges : the latest conflicting law and how to address the gaps Thai, Lang 2007, Fixed and floating charges : the latest conflicting law and how to address the gaps, in Papers presented at the 2007 Corporate Law Teachers Conference (Deakin University, Melbourne) 4-6 February Corporate Law and Corporate Governance: Stocktaking on Compliance and Enforcement, Corporate Law Teacher's Association, Melbourne, Vic.. Title Fixed and floating charges : the latest conflicting law and how to address the gaps Author(s) Thai, Lang Conference name Corporate Law Teachers Association Conference (17th : 2007 : Melbourne, Vic.) Conference location Melbourne, Vic. Conference dates 4-6 Feb. 2007 Title of proceedings Papers presented at the 2007 Corporate Law Teachers Conference (Deakin University, Melbourne) 4-6 February Corporate Law and Corporate Governance: Stocktaking on Compliance and Enforcement Publication date 2007 Publisher Corporate Law Teacher's Association Place of publication Melbourne, Vic. Summary Can book debts be subject to a fixed charge? This question was considered by the House of Lords in National Westminster Bank v. Spectrum Plus Limited [2005] UKHL 41 where the full House was against the idea of a fixed charge on book debts and insisted that only a floating charge had been created. The law in this area is still vague and uncertain in Australia. This paper argues that the financiers and the companies should be given the freedom to decide how they wish to structure their charge documents. The paper sets out to argue that, in respect to the use of book debts as security for a loan, the only way for both the financiers and the companies to do business is to create a sustained workable fixed charge or even multiple fixed and floating charge on book debts. The author explains how this could be possible and how the proposed model would not deny the statutory priority rights of the preferential creditors. Language eng Field of Research 180109 Corporations and Associations Law Socio Economic Objective 940405 Law Reform HERDC Research category E2 Full written paper - non-refereed / Abstract reviewed Persistent URL http://hdl.handle.net/10536/DRO/DU:30014879 Document type: Conference Paper Collection: School of Law Related Links Link Description Connect to abstract Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 21 Oct 2008, 14:28:14 EST Mon, 24 Aug 2009, 14:25:20 EST Mon, 24 Aug 2009, 14:27:24 EST Mon, 24 Aug 2009, 14:29:14 EST Wed, 17 Nov 2010, 13:45:30 EST Wed, 17 Nov 2010, 13:46:34 EST Wed, 17 Nov 2010, 13:48:11 EST Filtered Full Access Statistics: 404 Abstract Views  -  Detailed Statistics Created: Tue, 21 Oct 2008, 14:28:14 EST

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