n Without Prejudice - A problem worth admiring : insolvency law

Volume 7, Issue 9
  • ISSN : 1681-178X



In almost every property financing transaction where lenders advance money (facility), they will, , secure the borrower's payment obligations to them by registering a mortgage bond in their favour over the borrower's immovable property. In these circumstances, it is necessary to consider the potentially hazardous consequences that s88 of the Insolvency Act could have to the lenders' security under the mortgage bond.

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