Pretty much everyone (except maybe the drafters) struggles with Article Nine of the Uniform Commercial Code, the statute that covers the rules about security interests in personal property, fixtures and a few other secured transactions. Students in particular, and practitioners who deal with it infrequently, find it unwieldy, confusing and generally frustrating. The underlying concepts in the statute are for the most part logical and practical, but the wording and structure often are difficult to figure out for those who are unfamiliar with the concepts. Article Nine Plainly Stated takes each section of the statute and changes it into commonly understood language. The book provides additional explanation and examples that clarify what the statute is trying to say. This is the best way to understand what Article Nine says and how to use it, and someone should have done this long ago. (Okay, maybe that's a bit of hyperbole, but seriously, take a look at it and tell us we're wrong.) The authors of Article Nine Plainly Stated have been teaching the course for more than 40 years collectively and have experienced the angst of both students and practitioners as they grapple with its complexities. Students will grasp the ideas more clearly than they otherwise would, which will be a relief to any honest instructor of a Secured Transactions course, and it will be helpful beyond measure to practitioners who need to quickly understand the statute. This book makes the secured transactions world simpler for all concerned. (Again, maybe a bit of hyperbole, but take a look for yourself…)

This book is a comparative study of international practices in bankruptcy law, providing perspectives from a variety of specialisms including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore.

How an economy handles financial and business distress has a major impact on confidence in business, the availability of investment, the cost of credit, and economic growth. The financial crisis of 2007-2008 and its aftermath was a catalyst to legal reform in the field of bankruptcy and restructuring law and brought an added focus to the systemic threat of bank failure to the financial system. This book explores the general principles and practice of legal reform within bankruptcy. From a variety of specialists including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore, it provides a variety of perspectives on the topic. Chapters include topics such as the 'Four Pillars of Regulatory Framework', the history and application of the UNCITRAL Model Law on Cross-Border Insolvency, the challenges for financial institutions and the treatment of the insolvency of natural persons. The book also offers a comparative study of Islamic Shari'ah principles with modern bankruptcy regimes, an analysis of bankruptcy in the UAE and an evaluation of the legal infrastructure of the DIFC Courts. The authors explore core questions surrounding bankruptcy law, including its ability to facilitate the turnaround of business, to enable efficient reallocation of capital, to provide coherent rules for entrepreneurs, investors, employees, and creditors, and to provide for both appropriate sanctions and for rehabilitation. ?