Taking Security: Law and Practice explains how security - the creation and enforcement of proprietary rights to secure the payment of a monetary liability - is taken under English law. The book offers a detailed explanation of types of security: creation, priority, and enforcement. It is mainly concerned with UK property and insolvency law, two areas where security is tested and enforced. Authoritative in approach, this highly respected book provides guidance on both the legal principles and practical issues involved in taking and challenging security. This second edition takes account of a number of changes to UK law over the last five years. Slavenburg registrations were abolished in October 2009 and, since the beginning of October 2011, all traces of the requirement to register charges created by overseas companies have gone. It also includes changes introduced under the UK's Companies Act 2006, the changes to the Financial Collateral Directive, and the replacement of the Rome Convention by the Rome I Regulation. A number of important cases are discussed, including Gray v G-T-P on the meaning of financial collateral, IFC v DSNL on equitable liens, Meritz Fire and Marine v Jan de Nul on demand guarantees, Geldof v Simon Carves on equitable set-off, and Re Eurofood and Re HIH on cross-border insolvency. This book will be an essential reference for litigation lawyers, insolvency lawyers, and accountants.