Amending Secured Facilities: Do I Need New Guernsey or Jersey Law Security?

It is a question which lenders have to consider every time the terms of a facility are amended: will the existing security remain effective following the amendment? Zoë Hallam and Jon Le Rossignol from our specialist Guernsey and Jersey Banking and Finance team explain the key points to consider.

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GUERNSEY
Sam ShiresPartnerT +44 (0)1481 748 916sam.shires@walkersglobal.com
Zoë HallamSenior CounselT +44 (0)1481 748 920zoe.hallam@walkersglobal.com

JERSEY
Alexandra CornerPartnerT +44 (0) 1534 700 778alexandra.corner@walkersglobal.com
Nigel WestonPartnerT +44 (0)1534 700 788nigel.weston@walkersglobal.com
Jon Le RossignolSenior CounselT +44 (0) 1534 700 716jon.lerossignol@walkersglobal.com