Registration of Company Charges

Publisher: Jordans

Author: Gerald McCormick

Price: £95.00

Edition: 3rd Edition (November 2009)

ISBN: 978-1-84661-190-2

Buy from Jordans: Click Here

Now in its third edition, Registration of Company Charges aims to provide a comprehensive guide to the charges registration system, setting out the objectives and background of charges registration and explaining the requirements and procedure.  To my mind, it largely achieves those aims with considerable ease.

Written by an experienced company law academic, Professor Gerald McCormack, Registration of Company Charges is split into eight chapters: the nature of security interests; the objects of the company charge registration system; charges requiring registration; charges and consensual security rights not requiring registration; registration of charges and reservation of title clauses; mechanics of registration; registration and priorities; and company charge registration and overseas companies.  It also includes two appendices: Part 25 of the Companies Act 2006 and the Overseas Companies (Execution of Documents and Registration of Charges) Regulations 2009.

Registration of Company Charges is, in the main, impressively written but can be, from time to time, somewhat wordy which interrupts the text's flow.  That said, the quality of the analysis is impressive and makes the text an indispensible guide for corporate lawyers.  It is similarly a key text for litigation lawyers who, during times of recession, are often busier either applying to the Court for an order sanctioning late registration or pursuing claims for lenders against a solicitors' professional indemnity insurer.  Lawyers in such a position are given superb guidance on how the Court exercises its powers to allow late registration and where it will not.

Lawyers either advising lenders or companies on the registration of company charges (or dealing with applications to the Court for permission for late registration) should seriously consider Registration of Company Charges.  It uniquely addresses this specific area of law, and its practical consequences, in a logical and straight-forward way.  Whilst it can be, at times, somewhat old-fashioned in its style, lawyers investing the time in getting to the grips with the material will undoubtedly have an advantage over those lawyers who do not.  Its price, at less than £100, also makes it excellent value for money and certainly a key text for any self-respecting corporate law library.

Reviewed on 7 March 2010

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