The Resource Towards reforming the legal framework for secured transactions in Nigeria : perspectives from the United States and Canada, Chima Williams Iheme

Towards reforming the legal framework for secured transactions in Nigeria : perspectives from the United States and Canada, Chima Williams Iheme

Label
Towards reforming the legal framework for secured transactions in Nigeria : perspectives from the United States and Canada
Title
Towards reforming the legal framework for secured transactions in Nigeria
Title remainder
perspectives from the United States and Canada
Statement of responsibility
Chima Williams Iheme
Creator
Contributor
Subject
Language
eng
Summary
This book offers a valuable guide to one of the most challenging areas of commercial law, now frequently referred to as secured transactions, with a focus on Nigerian, Canadian and United States perspectives. A debtor's ability to provide collateral influences not only the cost of the money borrowed, but also in many cases, whether secured lenders are willing to offer credit at all. The book proposes that increasing access to, and indeed, lowering the cost of credit could tremendously boost economic development, while at the same time arguing that this would best be achieved if the legal framework for secured transactions in Nigeria, and of course, any other country with similar experiences, were designed to allow the use of personal property and fixtures to secure credit. Similarly, the creation, priority, perfection, and enforcement of security interests in personal property should be simplified and supported by a framework that ensures that neither the interests of secured lenders nor debtors are hampered, so as to guarantee the continuous availability of affordable credit as well as debtors' willingness to borrow and do business. The book further argues that in addition to the obvious preference for real property over personal property by secured lenders due to the unreformed secured-transactions legal framework in Nigeria, its compartmentalized nature has also resulted in unpredictability in commerce and the concomitant effects of poor access to credit. Through the comparative research conducted in this book utilizing the UCC Article 9 and Ontario PPSA as benchmarks, the author provides reformers with a repository of tested secured-transactions law solutions, which law reformers in the Commonwealth countries in Africa and beyond, as well as the business community will find valuable in dealing with issues that stem from secured transactions.--
Is part of
Assigning source
Provided by publisher
Cataloging source
EBLCP
http://library.link/vocab/creatorName
Iheme, Chima Williams
Image bit depth
0
Index
no index present
LC call number
KTA885
LC item number
.I446 2016
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
SpringerLink (Online service)
http://library.link/vocab/subjectName
  • Financial services industry
  • International economic & trade law
  • Banking
  • International law
  • LAW
  • Financial services industry
  • Nigeria
Label
Towards reforming the legal framework for secured transactions in Nigeria : perspectives from the United States and Canada, Chima Williams Iheme
Instantiates
Publication
Note
3.4.5 What Lessons Can Nigeria Draw from the Above Rules of Perfection?
Antecedent source
mixed
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Acknowledgments; Contents; List of Abbreviations; Chapter 1: Introduction; 1.1 The Core Reasons for This Book: A Comprehensive Reform of Secured Transactions Law and Its Underlying Benefits; 1.2 The Economic Advantages of Reforming Nigeriaś Secured Transactions Law; 1.3 Reasons for Choosing UCC Article 9 and Ontario PPSA as Benchmark Laws; 1.4 A Note on Terminology; 1.5 About the Literature; 1.6 Research Questions; 1.7 Road Map for the Book; References; Chapter 2: A Critical Review of the Current Laws on Secured Transactions in Nigeria; 2.1 The Nigerian Legal System: A Brief Insight
  • 2.2 The Importance of Credit and Why It Makes Sense to Secure Transactions2.3 The Current Nature of Nigeriaś Secured Transactions Law; 2.4 The Compartmentalized and Obsolete Nature of Nigeriaś Secured Transactions Law in Comparison with Article 9 and OPPSA; 2.5 The Indispensable Nature of ``Real Mortgage ́́in the Nigerian Secured Transactions Law Narrative; 2.5.1 Introduction: In Rem Rights Versus Personal Rights; 2.5.2 Customary Pledge of Land Differentiated from a Mortgage of Land; 2.5.3 Real Property Mortgage; 2.5.4 Chattel Mortgage; 2.5.5 Chattel Pledge; 2.5.6 Pawning of Chattels
  • 2.5.7 Lien over Chattels or Goods as a Means of Securing Transactions in Nigeria2.5.8 Personal Security: Contract of Guarantee; 2.5.9 Personal Security: Contract of Indemnity; 2.6 The Nigerian-English Floating Charge: How Did It Come About?; 2.6.1 The Features of Floating Charge; 2.6.2 The Creation of Floating Charge; 2.6.3 Negative Pledges, Acceleration and Insecurity Clauses in Relation to Crystallization; 2.6.4 The Crystallization of Floating Charge; 2.7 Organized Industries Living from Secured Transactions Law in Nigeria; 2.7.1 Introduction; 2.7.2 Factoring
  • 2.7.3 Warehouse Financing: The US Perspective2.7.4 Warehouse Financing: The Nigerian Perspective; 2.7.5 The Reasons ``Field Warehousing ́́Should Be Introduced in Nigeria; 2.7.6 Trust Receipts; 2.8 Retained Title Financing; 2.8.1 Introduction; 2.8.2 Conditional Sale; 2.8.3 Hire Purchase; 2.8.4 Conflict Between Title Financing and Floating Charge: Another Reason for Reform; 2.8.5 Equipment Leasing; 2.8.6 Consignment Distinguished from Distributorship; 2.8.7 Concluding Thoughts and Lessons; References
  • Chapter 3: A Search for Legislative Solutions vis-à-vis Nigeriaś Secured Transactions Law: UCC Article 9 and Ontario PPSA Com ... 3.1 The Nature of the United States Secured Transactions Laws Before the Advent of UCC Article 9; 3.2 A Brief Highlight of the Canadian Experiences Before the PPSA; 3.3 Formation of Security Agreements Under UCC Article 9 and Ontario PPSA; 3.4 Perfection and Priority Under Article 9 and Ontario PPSA; 3.4.1 Methods of Perfecting a Security Interest Under Article 9 and OPPSA; 3.4.2 Perfection by Filing; 3.4.3 Perfection by Possession; 3.4.4 Perfection by Control
Dimensions
unknown
Extent
1 online resource (305 pages)
File format
multiple file formats
Form of item
online
Isbn
9783319418360
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
SpringerLink
Other control number
10.1007/978-3-319-41836-0
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
Stock number
com.springer.onix.9783319418360
System control number
  • (OCoLC)957128264
  • (OCoLC)ocn957128264
Label
Towards reforming the legal framework for secured transactions in Nigeria : perspectives from the United States and Canada, Chima Williams Iheme
Publication
Note
3.4.5 What Lessons Can Nigeria Draw from the Above Rules of Perfection?
Antecedent source
mixed
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Acknowledgments; Contents; List of Abbreviations; Chapter 1: Introduction; 1.1 The Core Reasons for This Book: A Comprehensive Reform of Secured Transactions Law and Its Underlying Benefits; 1.2 The Economic Advantages of Reforming Nigeriaś Secured Transactions Law; 1.3 Reasons for Choosing UCC Article 9 and Ontario PPSA as Benchmark Laws; 1.4 A Note on Terminology; 1.5 About the Literature; 1.6 Research Questions; 1.7 Road Map for the Book; References; Chapter 2: A Critical Review of the Current Laws on Secured Transactions in Nigeria; 2.1 The Nigerian Legal System: A Brief Insight
  • 2.2 The Importance of Credit and Why It Makes Sense to Secure Transactions2.3 The Current Nature of Nigeriaś Secured Transactions Law; 2.4 The Compartmentalized and Obsolete Nature of Nigeriaś Secured Transactions Law in Comparison with Article 9 and OPPSA; 2.5 The Indispensable Nature of ``Real Mortgage ́́in the Nigerian Secured Transactions Law Narrative; 2.5.1 Introduction: In Rem Rights Versus Personal Rights; 2.5.2 Customary Pledge of Land Differentiated from a Mortgage of Land; 2.5.3 Real Property Mortgage; 2.5.4 Chattel Mortgage; 2.5.5 Chattel Pledge; 2.5.6 Pawning of Chattels
  • 2.5.7 Lien over Chattels or Goods as a Means of Securing Transactions in Nigeria2.5.8 Personal Security: Contract of Guarantee; 2.5.9 Personal Security: Contract of Indemnity; 2.6 The Nigerian-English Floating Charge: How Did It Come About?; 2.6.1 The Features of Floating Charge; 2.6.2 The Creation of Floating Charge; 2.6.3 Negative Pledges, Acceleration and Insecurity Clauses in Relation to Crystallization; 2.6.4 The Crystallization of Floating Charge; 2.7 Organized Industries Living from Secured Transactions Law in Nigeria; 2.7.1 Introduction; 2.7.2 Factoring
  • 2.7.3 Warehouse Financing: The US Perspective2.7.4 Warehouse Financing: The Nigerian Perspective; 2.7.5 The Reasons ``Field Warehousing ́́Should Be Introduced in Nigeria; 2.7.6 Trust Receipts; 2.8 Retained Title Financing; 2.8.1 Introduction; 2.8.2 Conditional Sale; 2.8.3 Hire Purchase; 2.8.4 Conflict Between Title Financing and Floating Charge: Another Reason for Reform; 2.8.5 Equipment Leasing; 2.8.6 Consignment Distinguished from Distributorship; 2.8.7 Concluding Thoughts and Lessons; References
  • Chapter 3: A Search for Legislative Solutions vis-à-vis Nigeriaś Secured Transactions Law: UCC Article 9 and Ontario PPSA Com ... 3.1 The Nature of the United States Secured Transactions Laws Before the Advent of UCC Article 9; 3.2 A Brief Highlight of the Canadian Experiences Before the PPSA; 3.3 Formation of Security Agreements Under UCC Article 9 and Ontario PPSA; 3.4 Perfection and Priority Under Article 9 and Ontario PPSA; 3.4.1 Methods of Perfecting a Security Interest Under Article 9 and OPPSA; 3.4.2 Perfection by Filing; 3.4.3 Perfection by Possession; 3.4.4 Perfection by Control
Dimensions
unknown
Extent
1 online resource (305 pages)
File format
multiple file formats
Form of item
online
Isbn
9783319418360
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
SpringerLink
Other control number
10.1007/978-3-319-41836-0
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
Stock number
com.springer.onix.9783319418360
System control number
  • (OCoLC)957128264
  • (OCoLC)ocn957128264

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