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- Float like a butterfly, sting like a bee: is your floating charge valid?
Float like a butterfly, sting like a bee: is your floating charge valid?
Will Rowling, Charlotte Drake and James Linforth of Stephenson Harwood address the common situation where a lender asks a borrower to enhance or refresh its security package through the grant of a new floating charge, and answer whether such a charge can be avoided due to section 245 of the Insolvency Act 1986.