Research on the Comprehensive Business Mortgage System of the United States and the United Kingdom

Author: Su Hesheng
Publisher:
Publish Date: 2004-08-01
Features: In international credit activities, many countries recognize a flexible form of security that does not fix specific assets as collateral, known as "floating charge." The experts and scholars of our country have drafted a draft of the Property Law, in which it is proposed to establish a corporate comprehensive business security system, such as "corporate security right" or "floating mortgage." This has brought out a series of complex and controversial issues. To attempt to address these issues, this book conducts a comparative study on the very popular and mature "floating charge" system in the United Kingdom and the United States, with the hope that the research findings can serve as a reference for the development and legislation of China's mortgage system.