• Home
  • Insights
  • Float like a butterfly, sting like a bee: is your floating charge valid?

31 Jan 2023

Float like a butterfly, sting like a bee: is your floating charge valid?

Linkedin

In the current times of financial stress, a borrower seeking to renegotiate or refinance existing financing arrangements may be asked by its lender to enhance or refresh its security package through the grant of a new floating charge. The question of whether a floating charge can be avoided due to section 245 of the Insolvency Act 1986 can arise in such a context and was examined in the recent case of Manning v Neste AB.

Click here to read more.

Linkedin

KEY CONTACT

James Linforth

James Linforth
Partner

T:  +44 20 7809 2060 M:  Email James | Vcard Office:  London

Charlotte Drake

Charlotte Drake
Of counsel

T:  +44 20 7809 2583 M:  Email Charlotte | Vcard Office:  London

Will Rowling

Will Rowling
Managing associate

T:  +44 20 7809 2980 M:  +44 758 4517210 Email Will | Vcard Office:  London