Bedell Cristin partner, Mark Dunlop, has written a comprehensive and detailed guide to one of Jersey’s more complex pieces of legislation, the Security Interests (Jersey) Law 2012.
The taking of effective security over investment securities, bank accounts, loan agreements and other contract rights has huge importance for Jersey as a leading finance centre. The entire security law framework was rewritten by the 2012 Law. The reforms were designed to provide Jersey with a modern and efficient regime for the creation, protection and enforcement of security interests. The 2012 Law provides Jersey with one of the most up-to-date legal regimes in this field and enhances Jersey’s attractiveness to both domestic and international investors and secured parties.
When the reforms were made, they introduced several new concepts to Jersey law and enhanced a number of key areas. The 2012 Law contains 95 statutory provisions compared to the 16 of the previous security law statute. It is fundamental to Jersey’s finance industry and Mark’s book is a comprehensive guide to its provisions.
Designed to assist both lawyers based in Jersey and those onshore that need to apply the 2012 Law as part of their work, and also as a guide for law students, the 827 page book examines how the provisions of the 2012 legislation work. The 2012 Law was influenced by the statutes of other jurisdictions and the book also references some case law from these other locations.
Sir Michael Birt, former Bailiff of Jersey commented: “What will be of particular assistance to practitioners is that [the author] often considers examples of difficult or uncertain issues which may arise and offers helpful thoughts and practical guidance on these. His book will be an invaluable aid to all those engaged, whether as principals or advisers, in the provision of security over intangible movable property”.
For Mark, who is a member of Bedell Cristin’s banking and corporate team, it is his second substantial work on legal matters, having written the first comprehensive book on Jersey company law in 2011.
The book is published by Key Haven Publications and is available for pre-order here, priced at £245
