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newshound1

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newshound1

Re: newshound1 post# 902

Sunday, 02/26/2017 6:44:28 PM

Sunday, February 26, 2017 6:44:28 PM

Post# of 1932
The Pledge – Taking Security Over Shares
In our experience, the taking of security for repayment of a debt by way of a pledge of shares subject to English law is fairly commonplace in certain of the emerging economies, particularly Russia, and we have seen the use of this instrument in a number of emerging market transactions with cross-jurisdictional elements in which we have been involved. STEPTOE & JOHNSON LLP
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