- United Kingdom
- Restructuring and insolvency
06-10-2016
- The farming and agricultural sector continues to experience financial pressures. Agricultural charges remain an important form of security available to banks when lending to the agricultural sector, but nevertheless how useful they can be and the cost saving they can bring on enforcement is often not fully appreciated.
- Although the term farmers debenture is in some ways useful to convey the powers available to a bank under an agricultural charge, it can be misleading if applied without thought to the assets which may be charged by an agricultural charge.
- Unless the point is dealt with specifically, in future the law relating to agricultural charges may become more complex after the re…
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