• Lending Against Securities After April 1, 2017
  • May 3, 2017 | Authors: Peter D. Hutcheon; Jeremy I. Silberman
  • Law Firms: Norris McLaughlin & Marcus, P.A. - New York Office; Norris McLaughlin & Marcus, P.A. - Bridgewater Office
  • The Hague Securities Convention, which goes into effect in the United States on April 1, 2017, will have significant impact on the law applied to all transactions - - past and future - - collateralized by securities held by an intermediary (e.g. a brokerage firm, bank trust department, etc.), where there is any international aspect to the security, such as the nationality of the security issuer, security holder, intermediary, party to the security transfer, adverse claimant, or the location of the security certificates.