Priority of Security Interests for Future Obligations
The article is devoted to the analysis of priority between several security interests in case of securing future obligations. Is a secured creditor entitled to “reserve priority” in advance, i.e. before the secured obligation is established? Does the answer depend on the fact whether the security interest is subject to the registration? The author addresses inter alia to the foreign experience reflected in DCFR and UNCITRAL Legislative Guide on Secured Transactions.
Keywords: proprietary security interest, priority, future obligation, registration of security interests, priority rank
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