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Float like a butterfly, sting like a bee: is your floating charge valid?

Real Estate Finance | 31/01/2023

In the current times of financial stress, a borrower seeking to renegotiate or refinance existing financing arrangements may be asked by its lender to enhance or refresh its security package through the grant of a new floating charge.

The question of whether a floating charge can be avoided due to section 245 of the Insolvency Act 1986 can arise in such a context and was examined in the recent case of Manning v Neste AB.

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Charlotte Drake

Partner

London

James Linforth

Partner - Global Head of Banking & Finance

London

Will Rowling

Managing Associate

London

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