Cross Border Financing Guide

<!DOCTYPE HTML> <html lang="en"> <head>  <meta http-equiv="X-UA-Compatible" content="IE=edge"/> <meta charset="utf-8"/> <meta name="keywords" content="CBG"/> <meta name="description"/> <meta name="viewport" content="width=device-width, initial-scale=1"/> <meta name="robots" content="noarchive"/> <meta name="twitter:card" content="summary_large_image"/> <meta property="og:title" content="Cross Border Financing Guide"/> <meta name="twitter:title" content="Cross Border Financing Guide"/> <meta property="og:description"/> <meta name="twitter:description"/> <meta property="og:url" content="https://www.cliffordchance.com/content/cliffordchance/client-portal/cbg/cbfg.html"/> <meta property="og:image" content="https://www.cliffordchance.com/content/dam/cliffordchance/social-media-images/campaigns/cross-border-financing-guide.jpg"/> <meta name="twitter:image" content="https://www.cliffordchance.com/content/dam/cliffordchance/social-media-images/campaigns/cross-border-financing-guide.jpg"/> <meta property="og:site_name" content="Clifford Chance"/> <meta name="twitter:site" content="@Clifford_Chance"/> <link rel="canonical" href="/client-portal/cbg/cbfg.html"/>  <title>Cross Border Financing Guide</title> <link href="/etc/designs/cc2014/css/desktop.css" rel="stylesheet" type="text/css" media="screen, print"/> <link href="/etc/designs/cc/css/style.css" rel="stylesheet" media="screen, print"/> <link href="/etc/designs/cc/css/style.css" rel="stylesheet" media="print"/> <link href="/etc/designs/cc/css/print.css" rel="stylesheet" type="text/css" media="print"/> <link href="/etc/designs/cc/css/cc-cc.css" rel="stylesheet" type="text/css" media="screen"/> <link href="/etc/designs/cc/css/cp-home.css" rel="stylesheet" type="text/css" media="screen"/> <link href="/etc/designs/cc/css/cp-prefs.css" rel="stylesheet" type="text/css" media="screen"/> <link href="/etc/designs/cc/css/cbg.css" rel="stylesheet" type="text/css" media="screen"/> <link href="/etc/designs/cc/css/cbg-print.css" rel="stylesheet" type="text/css" media="print"/> <link rel="apple-touch-icon" href="https://www.cliffordchance.com/content/dam/cliffordchance/icons/ccappletouch.png"/> <link rel="shortcut icon" href="https://www.cliffordchance.com/content/dam/cliffordchance/icons/ccfavicon.png"/> <script type="text/javascript" src="/etc/designs/cc/jquery/jquery191.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/jqueryui.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/jqueryuitouchpunch.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/jquerycookies.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/jquerycolor.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/jquery-mobile.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/respond.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/hoverintent.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/nav.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/article.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/analyticsdata.js"></script>  <script type="text/javascript" src="/etc/designs/cc/jquery/cp-home.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/cp-prefs.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/cp-okta.js"></script> <script type="text/javascript" src="/etc/designs/cc/jquery/cbg.js"></script> <script src="/etc/designs/cc2014/jquery/article.js"></script> <script type="text/javascript" src="/etc/designs/cc2014/jquery/people.js"></script> <script type="text/javascript" src="/etc/designs/cc2014/jquery/findpeople.js"></script> <script type="text/javascript" src="https://ok1static.oktacdn.com/assets/js/sdk/okta-signin-widget/2.14.0/js/okta-sign-in.min.js"></script>    <script type="text/javascript"> var digitalData; digitalData = { "page": { "pageName": "CC_Cross-Border-Financing-Guide", "pageURL": "https://www.cliffordchance.com/content/cliffordchance/client-portal/cbg/cbfg.html", "sitesection1": "client-portal", "sitesection2": "cbg", "sitesection3": "cbfg" }, "site": { "language": "en", "server": "www.cliffordchance.com" } } function linkClick(p1) { digitalData.eventData = { linkDataId : p1, userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus } _satellite.track('linkClick', digitalData.eventData); } function videoView(p1, p2, p3, p4) { digitalData.videoData = { videoId: p1, videoName : p2, playerName : p3, milestone : p4, userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus } _satellite.track('videoView', digitalData.videoData); } function searchClick(p1, p2, p3) { digitalData.searchData = { searchTerm : p1, searchCategory : p2, searchStatus : p3, // For zero search results, set the variable to "Unsuccessful" and for 1 or more than one result, set the variable to âSuccessfulâ userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus } _satellite.track('searchClick', digitalData.searchData); } // The Okta-related functions have to be called from cp.js otherwise there would be multiple on click events assigned to a single button function loginInitiate(p1) { digitalData.loginInitData = { linkDataId : p1, loginForm : 'Okta Login Form', userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus } _satellite.track('loginInitiate', digitalData.loginInitData); } function registrationInitiate(p1) { digitalData.regInitData = { linkDataId : p1, registrationForm : 'Okta Registration Form', userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus } _satellite.track('registrationInitiate', digitalData.regInitData); } function registrationStatus() { digitalData.regData = { registrationForm : 'Okta Registration Form', registrationStatus : 'true' } _satellite.track('registrationStatus', digitalData.regData); } function userStatus(p1) { digitalData.userData = { // Variables defined and initialised in cp-home.js // (p1 is calculated by internal external service called from cp-home.js) userId : cc_cpuser_userid, authStatus : cc_cpuser_authstatus, organizationId: cc_cpuser_organizationid, userType: p1 } _satellite.track('userStatus', digitalData.userData); } </script>  <script type="text/javascript"> var bYTHit25 = false; var bYTHit50 = false; var bYTHit75 = false; var bYTHit99 = false; // Declare global interval for automatic state checking var ccYTAnalyticsInterval; var tag = document.createElement('script'); tag.id = 'yt-iframe-api'; tag.src = '/etc/designs/cc/jquery/youtube.js'; var firstScriptTag = document.getElementsByTagName('script')[0]; firstScriptTag.parentNode.insertBefore(tag, firstScriptTag); var players = []; function onYouTubeIframeAPIReady() { $('.cc-yt-player').each( function(i) { players[0] = new YT.Player($(this).attr('id'), { events: { 'onStateChange': onPlayerStateChange } }); }); } function onPlayerStateChange(event) { if (event.data == 1) { videoView(event.target.getVideoData()['video_id'], event.target.getVideoData().title, 'YouTube', 'Video Started'); bYTHit25 = false; bYTHit50 = false; bYTHit75 = false; bYTHit99 = false; ccYTAnalyticsInterval = setInterval(function() { var nPercentPlayed = parseInt(event.target.getCurrentTime() / event.target.getDuration() * 100); if (nPercentPlayed == 25 && !bYTHit25) { videoView(event.target.getVideoData()['video_id'], event.target.getVideoData().title, 'YouTube', 'Video Complete 25%'); bYTHit25 = true; } if (nPercentPlayed == 50 && !bYTHit50) { videoView(event.target.getVideoData()['video_id'], event.target.getVideoData().title, 'YouTube', 'Video Complete 50%'); bYTHit50 = true; } if (nPercentPlayed == 75 && !bYTHit75) { videoView(event.target.getVideoData()['video_id'], event.target.getVideoData().title, 'YouTube', 'Video Complete 75%'); bYTHit75 = true; } if (nPercentPlayed == 99 && !bYTHit99) { videoView(event.target.getVideoData()['video_id'], event.target.getVideoData().title, 'YouTube', 'Video Complete 100%'); bYTHit99 = true; clearInterval(ccYTAnalyticsInterval); event.target.seekTo(0); event.target.pauseVideo(); } }, 250); } else if (event.data == 2 || event.data == 0) { clearInterval(ccYTAnalyticsInterval); } } </script>  <script src="/etc/designs/cc/jquery/vimeo.js"></script> <script type="text/javascript"> $(document).ready(function() { var bVimeoHit25 = false; var bVimeoHit50 = false; var bVimeoHit75 = false; $('iframe.cc-vimeo-player').each( function() { var vimeoPlayer = new Vimeo.Player($(this)); vimeoPlayer.on('play', function(data) { bVimeoHit25 = false; bVimeoHit50 = false; bVimeoHit75 = false; vimeoPlayer.getVideoTitle().then(function(title) { vimeoPlayer.getVideoId().then(function(id) { videoView(id, title, 'Vimeo', 'Video Started'); }); }); }); vimeoPlayer.on('ended', function(data) { vimeoPlayer.getVideoTitle().then(function(title) { vimeoPlayer.getVideoId().then(function(id) { videoView(id, title, 'Vimeo', 'Video Complete 100%'); }); }); }); vimeoPlayer.on('timeupdate', function(data) { vimeoPlayer.getDuration().then(function(duration) { vimeoPlayer.getVideoTitle().then(function(title) { vimeoPlayer.getVideoId().then(function(id) { constructAACallForVimeo(id, title, parseInt(data.seconds / duration * 100)); }); }); }); }); }); function constructAACallForVimeo(sID, sTitle, nPercentPlayed) { if (nPercentPlayed == 25 && !bVimeoHit25) { videoView(sID, sTitle, 'Vimeo', 'Video Complete 25%'); bVimeoHit25 = true; } else if (nPercentPlayed == 50 && !bVimeoHit50) { videoView(sID, sTitle, 'Vimeo', 'Video Complete 50%'); bVimeoHit50 = true; } else if (nPercentPlayed == 75 && !bVimeoHit75) { videoView(sID, sTitle, 'Vimeo', 'Video Complete 75%'); bVimeoHit75 = true; } } }); </script>  <script type="text/javascript"> function searchClickPrep() { var sSearchTerm = 'None'; var sSearchCategory = 'None'; var sSearchStatus = 'Unsuccessful'; if ($('ul.ul_searchlist li').length > 0) { sSearchStatus = 'Successful'; } searchClick(sSearchTerm, sSearchCategory, sSearchStatus); } </script>   <script type="text/javascript" id="script_analytics"> function c3LoadAnalytics() { (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-34080896-1', 'auto'); ga('send', 'pageview'); ga('set', 'anonymizeIp', true) } </script>  <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5XF9ZL');</script>    <script src="//assets.adobedtm.com/launch-EN944974f5a3944dd58c5d9b6cc3d4f023.min.js"></script>   <script async src="https://siteimproveanalytics.com/js/siteanalyze_10168.js"></script>    <script> var locationUrl= window.location.href; if(locationUrl.endsWith("home.html")){ var schemaSite = { "@context": "https://schema.org/", "@type": "WebSite", "name": "cliffordchance", "url": "https://www.cliffordchance.com/home.html", "potentialAction": { "@type": "SearchAction", "target": "https://www.cliffordchance.com/search.html?contenttype=All&query={search_term_string}&_charset_=UTF-8", "query-input": "required name=search_term_string" } } var scriptSite = document.createElement('script'); scriptSite.type = "application/ld+json"; scriptSite.text = JSON.stringify(schemaSite); document.querySelector('head').appendChild(scriptSite); } else{ let text = document.location.href; let result = text.substring(text.indexOf('.com')+5,text.indexOf('.html')); console.log(result); const nameArr = result.split("/").reverse(); console.log(nameArr); var indices = []; for(var i=0; i<result.length;i++) { if (result[i] === "/") indices.push(i); } var revIndices=indices.reverse(); var itemArr=[]; itemArr.push(text); for(var i=0; i<indices.length;i++) { itemArr.push(document.location.protocol +"//"+document.location.host+"/"+result.substring(0,revIndices[i])+'.html'); } console.log(itemArr); var bschema = { "@context": "https://schema.org/", "@type": "BreadcrumbList", "itemListElement": [] } for(var i=0; i<nameArr.length; i++) { bschema.itemListElement.push({"@type":"ListItem","position":i, "name":nameArr[i], "item": itemArr[i]}); } var bscript = document.createElement('script'); bscript.type = "application/ld+json"; bscript.text = JSON.stringify(bschema); document.querySelector('head').appendChild(bscript); } </script>  </head> <body class="header_overlap">  <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-5XF9ZL" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>  <header class="" id="header_main"> <div class="page_container"> <div id="div_fixed_header"> <form action="/search.html" method="GET" class="form_search"> <label for="headersearchformQuery" style="display:none;">Search Keywords</label> <input id="headersearchformQuery" class="searchHeaderBox" type="text" value="Type to search" name="query" placeholder="Type to search" /> <input type="hidden" name="_charset_" value="UTF-8" /> <input type="submit" name="con_Submit" id="con_Submit" value="Search" /> </form> <a onfocus="_gaq.push(['_trackEvent', 'ACCESSIBILITY', 'Keyboard User', 'Header link used to access main content']);" id="a_skip" href="#startcontent">Skip to main content</a> <h1>  <a href="https://www.cliffordchance.com"> <img class="header_logo" src="/content/dam/cliffordchance/logos/cc_logo_main.png" width="246" height="55" alt="Clifford Chance"/> Clifford Chance </a> </h1> <img id="img_logo_print" class="for_print" src="/etc/designs/cc2014/images/header_logo@2x.png" width="246" height="55" alt="Clifford Chance"/> <nav class="nav_primary"> <ul class=" nav_primary_ul_level_1"> <li id="nav_primary_li_0"> <a href="/client-portal.html" class="selected"> Client Portal <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> All your tailored resources in one place <div class="div_dropdown_tkosp_toolkits_list"> <p>Visit our resource centre giving you access to our toolkits, publications, alerters and crossborder guides all in one place</p> <ul class="ul_tkosp_toolkits_list"> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/Premium-services-thumbnail1.jpg)"><a id="Client_Portal_" href="https://www.cliffordchance.com/client-portal.html"><strong>Client Portal</strong><br></a></li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/lighthouse.jpg)"><a id="Toolkit_" href="https://financialmarketstoolkit.cliffordchance.com"><strong>Financial Markets</strong><br>Toolkit</a></li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/tt-background-toolkit.png)"><a id="Insights_" href="https://www.cliffordchance.com/insights/resources/hubs-and-toolkits/talking-tech/en/home.html"><strong>Talking Tech</strong><br>Insights</a></li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/blogs-toolkit-bar.jpg)"><a id="Blogs_" href="https://www.cliffordchance.com/insights/resources/blogs.html"><strong>Blogs</strong><br></a></li> </ul> </div> </li> <a class="nav0" href="/client-portal.html"> Visit this section </a> <li style="order:3" class=" li_show_children li_show_children_1" > <a href="/client-portal/events-and-webinars-library.html" class=""> Events and webinars library </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/client-portal/events-and-webinars-library.html"> Visit this section </a> <li class = ""> <a href="/client-portal/events-and-webinars-library/perspectives-series.html" class=""> Perspectives – Legal Developments Series </a> </li> <li class = ""> <a href="/client-portal/events-and-webinars-library/APAC-perspectives-series.html" class=""> APAC Perspectives Series </a> </li> <li class = ""> <a href="/client-portal/events-and-webinars-library/on-demand.html" class=""> Events and webinars on demand </a> </li> </ul> </li> <li style="order:2" class=" li_show_children li_show_children_2" > <a href="/client-portal/cbg.html" class="selectedchild"> Cross Border Guides </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/client-portal/cbg.html"> Visit this section </a> <li class = "selectedsubchild"> <a href="/client-portal/cbg/cbfg.html" class="selectedsubchild"> Cross Border Financing Guide </a> </li> <li class = ""> <a href="/client-portal/cbg/debt-restructurings-guide.html" class=""> Debt Restructurings Guide </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_3" > <a href="/client-portal/alerters.html" class=""> Alerters </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/client-portal/alerters.html"> Visit this section </a> <li class = ""> <a href="/client-portal/alerters/alerter-finance.html" class=""> Alerter: Finance Industry </a> </li> <li class = ""> <a href="/client-portal/alerters/alerter-energy.html" class=""> Alerter: Energy </a> </li> <li class = ""> <a href="/client-portal/alerters/alerter-c-m.html" class=""> Alerter: Communications & Media </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_1"> <a href="/people_and_places.html" class=""> People & Places <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> <div class="div_dropdown_find_lawyer"> <div class="namestyle">  <form class="form_filter_search_nav" action="/people_and_places/people.html" method="GET"> <label class="query_nav" for="query_nav">Search for our people</label> <input autocomplete="off" class="search_input" type="text" name="query_nav" required id="query_nav" oninvalid="searchFormValidation(this);" oninput="searchFormValidation(this);" pattern="[^!@#%^&*+=$;,.<>?~`\x22\|\[\]\{\}_\\\/]+" data-thistitle="Please Use a Valid Word !!! Splecial Characters are not allowed except apostrophe(') and hyphen(-)" placeholder="Enter name"> <input type="hidden" name="_charset" id="_charset_nav" value="UTF-8"> <input type="hidden" name="isfhp" value="true"> <label style="display: none;" for="submit_search_nav">Submit search</label> <input class="search_submit" type="submit" width="125" height="20" value="Search" name="submit_search_nav" id="submit_search_nav" src="/etc/designs/cc2014/images/search_submit_large.jpg" alt="Search"> </form> </div> </div> </li> <a class="nav0" href="/people_and_places.html"> Visit this section </a> <li style="order:2" class=" li_show_children li_show_children_1" > <a href="/people_and_places/places.html" class=""> Regions </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/people_and_places/places.html"> Visit this section </a> <li class = ""> <a href="/people_and_places/places/africa.html" class=""> Africa </a> </li> <li class = ""> <a href="/people_and_places/places/americas.html" class=""> Americas </a> </li> <li class = ""> <a href="/people_and_places/places/asia_pacific.html" class=""> Asia Pacific </a> </li> <li class = ""> <a href="/people_and_places/places/europe.html" class=""> Europe </a> </li> <li class = ""> <a href="/people_and_places/places/middle_east.html" class=""> Middle East & Türkiye </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_2" > <a href="/people_and_places/offices.html" class=""> Offices </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/people_and_places/offices.html"> Visit this section </a> <li class = ""> <a href="/people_and_places/offices/abu_dhabi.html" class=""> Abu Dhabi </a> </li> <li class = ""> <a href="/people_and_places/offices/amsterdam.html" class=""> Amsterdam </a> </li> <li class = ""> <a href="/people_and_places/offices/barcelona.html" class=""> Barcelona </a> </li> <li class = ""> <a href="/people_and_places/offices/beijing.html" class=""> Beijing </a> </li> <li class = ""> <a href="/people_and_places/offices/brussels.html" class=""> Brussels </a> </li> <li class = ""> <a href="/people_and_places/offices/bucharest.html" class=""> Bucharest </a> </li> <li class = ""> <a href="/people_and_places/offices/casablanca.html" class=""> Casablanca </a> </li> <li class = ""> <a href="/people_and_places/offices/dubai.html" class=""> Dubai </a> </li> <li class = ""> <a href="/people_and_places/offices/dusseldorf.html" class=""> Düsseldorf </a> </li> <li class = ""> <a href="/people_and_places/offices/frankfurt.html" class=""> Frankfurt </a> </li> <li class = ""> <a href="/people_and_places/offices/hong_kong.html" class=""> Hong Kong </a> </li> <li class = ""> <a href="/people_and_places/offices/houston.html" class=""> Houston </a> </li> <li class = ""> <a href="/people_and_places/offices/istanbul.html" class=""> Istanbul </a> </li> <li class = ""> <a href="/people_and_places/offices/london.html" class=""> London </a> </li> <li class = ""> <a href="/people_and_places/offices/luxembourg.html" class=""> Luxembourg </a> </li> <li class = ""> <a href="/people_and_places/offices/madrid.html" class=""> Madrid </a> </li> <li class = ""> <a href="/people_and_places/offices/milan.html" class=""> Milan </a> </li> <li class = ""> <a href="/people_and_places/offices/munich.html" class=""> Munich </a> </li> <li class = ""> <a href="/people_and_places/offices/newcastle.html" class=""> Newcastle </a> </li> <li class = ""> <a href="/people_and_places/offices/new_york.html" class=""> New York </a> </li> <li class = ""> <a href="/people_and_places/offices/paris.html" class=""> Paris </a> </li> <li class = ""> <a href="/people_and_places/offices/perth.html" class=""> Perth </a> </li> <li class = ""> <a href="/people_and_places/offices/prague.html" class=""> Prague </a> </li> <li class = ""> <a href="/people_and_places/offices/riyadh.html" class=""> Riyadh </a> </li> <li class = ""> <a href="/people_and_places/offices/rome.html" class=""> Rome </a> </li> <li class = ""> <a href="/people_and_places/offices/sao_paulo.html" class=""> São Paulo </a> </li> <li class = ""> <a href="/people_and_places/offices/shanghai.html" class=""> Shanghai </a> </li> <li class = ""> <a href="/people_and_places/offices/singapore.html" class=""> Singapore </a> </li> <li class = ""> <a href="/people_and_places/offices/sydney.html" class=""> Sydney </a> </li> <li class = ""> <a href="/people_and_places/offices/tokyo.html" class=""> Tokyo </a> </li> <li class = ""> <a href="/people_and_places/offices/warsaw.html" class=""> Warsaw </a> </li> <li class = ""> <a href="/people_and_places/offices/washington.html" class=""> Washington </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_2"> <a href="/expertise.html" class=""> Expertise <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> Advising on the issues that are critical to our clients </li> <a class="nav0" href="/expertise.html"> Visit this section </a> <li style="order:2" class=" li_show_children li_show_children_1" > <a href="/expertise/sectors.html" class=""> Clients & Sectors </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/expertise/sectors.html"> Visit this section </a> <li class = ""> <a href="/expertise/sectors/consumer_goods_and_retail.html" class=""> Consumer Goods & Retail </a> </li> <li class = ""> <a href="/expertise/sectors/energy_and_resources.html" class=""> Energy & Resources </a> </li> <li class = ""> <a href="/expertise/sectors/entertainment-and-sports.html" class=""> Entertainment & Sports </a> </li> <li class = ""> <a href="/expertise/sectors/banks.html" class=""> Financial Services </a> </li> <li class = ""> <a href="/expertise/sectors/healthcare_life_sciences_and_chemicals.html" class=""> Healthcare & Life Sciences </a> </li> <li class = ""> <a href="/expertise/sectors/transport-and-logistics.html" class=""> Industrials, Transport and Mobility </a> </li> <li class = ""> <a href="/expertise/sectors/infrastructure.html" class=""> Infrastructure </a> </li> <li class = ""> <a href="/expertise/sectors/insurance.html" class=""> Insurance </a> </li> <li class = ""> <a href="/expertise/sectors/private_equity.html" class=""> Private Equity </a> </li> <li class = ""> <a href="/expertise/sectors/real_estate.html" class=""> Real Estate </a> </li> <li class = ""> <a href="/expertise/sectors/telecommunications_media_and_technology.html" class=""> Technology, Media & Telecommunications </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_2" > <a href="/expertise/services.html" class=""> Services </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/expertise/services.html"> Visit this section </a> <li class = ""> <a href="/expertise/services/antitrust.html" class=""> Antitrust </a> </li> <li class = ""> <a href="/expertise/services/boardroom-risk-and-reputation.html" class=""> Boardroom Risk and Reputation </a> </li> <li class = ""> <a href="/expertise/services/capital-markets.html" class=""> Capital Markets </a> </li> <li class = ""> <a href="/expertise/services/corporate.html" class=""> Corporate </a> </li> <li class = ""> <a href="/expertise/services/energy-transition.html" class=""> Energy Transition </a> </li> <li class = ""> <a href="/expertise/services/finance.html" class=""> Finance </a> </li> <li class = ""> <a href="/expertise/services/funds_investment_management.html" class=""> Funds & Investment Management </a> </li> <li class = ""> <a href="/expertise/services/intellectual-property.html" class=""> Intellectual Property </a> </li> <li class = ""> <a href="/expertise/services/litigation_dispute_resolution.html" class=""> Litigation & Dispute Resolution </a> </li> <li class = ""> <a href="/expertise/services/real-estate.html" class=""> Real Estate </a> </li> <li class = ""> <a href="/expertise/services/esg.html" class=""> Sustainability & ESG </a> </li> <li class = ""> <a href="/expertise/services/tax_pensions_employment_and_employee_benefits.html" class=""> Tax, Pensions, Employment & Incentives </a> </li> <li class = ""> <a href="/expertise/services/tech-group.html" class=""> Tech Group </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_3"> <a href="/insights.html" class=""> Insights <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> Sharing our knowledge and expertise </li> <a class="nav0" href="/insights.html"> Visit this section </a> <li style="order:3" class=" li_show_children li_show_children_1" > <a href="/insights/resources.html" class=""> Resources </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/insights/resources.html"> Visit this section </a> <li class = ""> <a href="/insights/resources/apps.html" class=""> Apps </a> </li> <li class = ""> <a href="/insights/resources/blogs.html" class=""> Blogs </a> </li> <li class = ""> <a href="/insights/resources/briefings.html" class=""> Briefings </a> </li> <li class = ""> <a href="/insights/resources/events.html" class=""> Events </a> </li> <li class = ""> <a href="/insights/resources/hubs-and-toolkits.html" class=""> Hubs and Toolkits </a> </li> <li class = ""> <a href="/insights/resources/podcast-library.html" class=""> Podcasts </a> </li> <li class = ""> <a href="/insights/resources/premium-services.html" class=""> Premium Services </a> </li> </ul> </li> <li style="order:2" class=" li_show_children li_show_children_2" > <a href="/insights/blogs.html" class=""> Blogs </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/insights/blogs.html"> Visit this section </a> <li class = ""> <a href="/insights/blogs/antitrust-fdi-insights.html" class=""> Antitrust/FDI </a> </li> <li class = ""> <a href="/insights/blogs/arbitration-insights.html" class=""> Arbitration Insights </a> </li> <li class = ""> <a href="/insights/blogs/construction-insights.html" class=""> Construction </a> </li> <li class = ""> <a href="/insights/blogs/group-litigation.html" class=""> Group Litigation </a> </li> <li class = ""> <a href="/insights/blogs/innovation-insights.html" class=""> Innovation </a> </li> <li class = ""> <a href="/insights/blogs/insurance-insights.html" class=""> Insurance </a> </li> <li class = ""> <a href="/insights/blogs/regtalk-insights.html" class=""> RegTalk </a> </li> <li class = ""> <a href="/insights/blogs/regulatory-investigations-financial-crime-insights.html" class=""> RIFC </a> </li> <li class = ""> <a href="/insights/blogs/responsible-business-insights.html" class=""> Responsible Business </a> </li> <li class = ""> <a href="/insights/blogs/talking-tech.html" class=""> Talking Tech </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_3" > <a href="/insights/thought_leadership.html" class=""> Thought Leadership </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/insights/thought_leadership.html"> Visit this section </a> <li class = ""> <a href="/insights/thought_leadership/across-the-board.html" class=""> Across the Board </a> </li> <li class = ""> <a href="/insights/thought_leadership/ai-and-tech.html" class=""> AI & Tech </a> </li> <li class = ""> <a href="/insights/thought_leadership/cop28.html" class=""> COP29 </a> </li> <li class = ""> <a href="/insights/thought_leadership/energy-transition.html" class=""> Energy Transition </a> </li> <li class = ""> <a href="/insights/thought_leadership/esg.html" class=""> ESG </a> </li> <li class = ""> <a href="/insights/thought_leadership/financial-regulation.html" class=""> FinReg </a> </li> <li class = ""> <a href="/insights/thought_leadership/geopolitical-risk-and-trade.html" class=""> Trade </a> </li> <li class = ""> <a href="/insights/thought_leadership/sanctions.html" class=""> Sanctions </a> </li> <li class = ""> <a href="/insights/thought_leadership/trends.html" class=""> Trends </a> </li> <li class = ""> <a href="/insights/thought_leadership/seminars-training-and-events.html" class=""> Seminars, training and events </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_4"> <a href="/briefings.html" class=""> Briefings </a>   </li> <li id="nav_primary_li_5"> <a href="/innovation-hub/innovation.html" class=""> Innovation <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> Innovation is action </li> <a class="nav0" href="/innovation-hub/innovation.html"> Visit this section </a> <li style="order:3" class=" li_show_children li_show_children_1" > <a href="/innovation-hub/innovation/innovation-insights.html" class=""> Innovation Insights </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/innovation-hub/innovation/innovation-insights.html"> Visit this section </a> <li class = ""> <a href="/innovation-hub/innovation/innovation-insights/blog-articles.html" class=""> Blog articles </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-insights/case-study.html" class=""> Case studies </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-insights/active-legal-value-pathways.html" class=""> Active Legal: Value Pathways </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-insights/active-legal-2025.html" class=""> Defining tomorrow's legal function through its relationships </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-insights/podcast.html" class=""> Podcast episodes </a> </li> </ul> </li> <li style="order:2" class=" li_show_children li_show_children_2" > <a href="/innovation-hub/innovation/innovation-digital-solutions.html" class=""> Digital Solutions </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/innovation-hub/innovation/innovation-digital-solutions.html"> Visit this section </a> <li class = ""> <a href="/innovation-hub/innovation/innovation-digital-solutions/apps.html" class=""> Apps </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-digital-solutions/document-automation-ccdraft.html" class=""> CC Dr@ft </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-digital-solutions/litigation-and-dispute-resolutions-toolkit.html" class=""> Litigation and Dispute Resolution Toolkit </a> </li> <li class = ""> <a href="/innovation-hub/innovation/innovation-digital-solutions/transaction-toolkit.html" class=""> Transaction Toolkit </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_3" > <a href="/innovation-hub/innovation/capabilities.html" class=""> Capabilities </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/innovation-hub/innovation/capabilities.html"> Visit this section </a> <li class = ""> <a href="/innovation-hub/innovation/capabilities/continuous-improvement.html" class=""> Continuous Improvement </a> </li> <li class = ""> <a href="/innovation-hub/innovation/capabilities/data-science.html" class=""> Data Science </a> </li> <li class = ""> <a href="/innovation-hub/innovation/capabilities/delivery-centres.html" class=""> Global Delivery Centres </a> </li> <li class = ""> <a href="/innovation-hub/innovation/capabilities/legal-project-management.html" class=""> Legal Project Management </a> </li> <li class = ""> <a href="/innovation-hub/innovation/capabilities/legal-technology.html" class=""> Legal Technology </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_6"> <a href="/about_us.html" class=""> About Us <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> About Us </li> <a class="nav0" href="/about_us.html"> Visit this section </a> <li style="order:4" class=" li_show_children li_show_children_1" > <a href="/about_us/media_centre.html" class=""> Media centre </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/about_us/media_centre.html"> Visit this section </a> <li class = ""> <a href="/about_us/media_centre/awards.html" class=""> Awards </a> </li> <li class = ""> <a href="/about_us/media_centre/news.html" class=""> News </a> </li> <li class = ""> <a href="/about_us/media_centre/global_media_contacts.html" class=""> Global media contacts </a> </li> </ul> </li> <li style="order:3" class=" li_show_children li_show_children_2" > <a href="/about_us/inclusion-and-diversity.html" class=""> Inclusion & diversity </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/about_us/inclusion-and-diversity.html"> Visit this section </a> <li class = ""> <a href="/about_us/inclusion-and-diversity/disability.html" class=""> Disability </a> </li> <li class = ""> <a href="/about_us/inclusion-and-diversity/ethnic-diversity.html" class=""> Ethnicity </a> </li> <li class = ""> <a href="/about_us/inclusion-and-diversity/faith.html" class=""> Faith </a> </li> <li class = ""> <a href="/about_us/inclusion-and-diversity/gender.html" class=""> Gender </a> </li> <li class = ""> <a href="/about_us/inclusion-and-diversity/lgbt.html" class=""> LGBT+ </a> </li> <li class = ""> <a href="/about_us/inclusion-and-diversity/social-mobility.html" class=""> Social mobility </a> </li> </ul> </li> <li style="order:2" class=" li_show_children li_show_children_3" > <a href="/about_us/responsible-business.html" class=""> Responsible Business </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/about_us/responsible-business.html"> Visit this section </a> <li class = ""> <a href="/about_us/responsible-business/professional-standards-ethics-risk.html" class=""> Doing business </a> </li> <li class = ""> <a href="/about_us/responsible-business/people-development-inclusion-wellbeing.html" class=""> People </a> </li> <li class = ""> <a href="/about_us/responsible-business/community-and-pro-bono.html" class=""> Community & pro bono </a> </li> <li class = ""> <a href="/about_us/responsible-business/environment.html" class=""> Environment </a> </li> <li class = ""> <a href="/about_us/responsible-business/reports-data-and-insights.html" class=""> Reporting </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_4" > <a href="/about_us/who-we-are-and-how-we-work.html" class=""> Who we are and how we work </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/about_us/who-we-are-and-how-we-work.html"> Visit this section </a> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/delivering-value-to-clients.html" class=""> Delivering value to clients </a> </li> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/code-of-conduct.html" class=""> Our Code </a> </li> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/our-story.html" class=""> Our story </a> </li> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/stakeholder-engagement.html" class=""> Stakeholder engagement </a> </li> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/risk-and-governance.html" class=""> Risk and governance </a> </li> <li class = ""> <a href="/about_us/who-we-are-and-how-we-work/policies.html" class=""> Policies </a> </li> </ul> </li> </ul>  </li> <li id="nav_primary_li_7"> <a href="/careers.html" class=""> Careers <span class="mobile"> </span> </a>  <ul class="nav_primary_ul_level_2"> <li class="li_intro"> Where bright minds meet </li> <a class="nav0" href="/careers.html"> Visit this section </a> <li style="order:2" class=" li_show_children li_show_children_1" > <a href="/careers/our-locations.html" class=""> Our locations </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/careers/our-locations.html"> Visit this section </a> <li class = ""> <a href="/careers/our-locations/australia.html" class=""> Australia </a> </li> <li class = ""> <a href="/careers/our-locations/belgium.html" class=""> Belgium </a> </li> <li class = ""> <a href="/careers/our-locations/brazil.html" class=""> Brazil </a> </li> <li class = ""> <a href="/careers/our-locations/china.html" class=""> China </a> </li> <li class = ""> <a href="/careers/our-locations/czech-republic.html" class=""> Czech Republic </a> </li> <li class = ""> <a href="/careers/our-locations/france.html" class=""> France </a> </li> <li class = ""> <a href="/careers/our-locations/germany.html" class=""> Germany </a> </li> <li class = ""> <a href="/careers/our-locations/hong-kong-sar.html" class=""> Hong Kong SAR </a> </li> <li class = ""> <a href="/careers/our-locations/italy.html" class=""> Italy </a> </li> <li class = ""> <a href="/careers/our-locations/japan.html" class=""> Japan </a> </li> <li class = ""> <a href="/careers/our-locations/london-graduates.html" class=""> London graduates </a> </li> <li class = ""> <a href="/careers/our-locations/luxembourg.html" class=""> Luxembourg </a> </li> <li class = ""> <a href="/careers/our-locations/morocco.html" class=""> Morocco </a> </li> <li class = ""> <a href="/careers/our-locations/netherlands.html" class=""> Netherlands </a> </li> <li class = ""> <a href="/careers/our-locations/poland.html" class=""> Poland </a> </li> <li class = ""> <a href="/careers/our-locations/romania.html" class=""> Romania </a> </li> <li class = ""> <a href="/careers/our-locations/saudi-arabia.html" class=""> Saudi Arabia </a> </li> <li class = ""> <a href="/careers/our-locations/singapore.html" class=""> Singapore </a> </li> <li class = ""> <a href="/careers/our-locations/spain.html" class=""> Spain </a> </li> <li class = ""> <a href="/careers/our-locations/turkey.html" class=""> Turkey </a> </li> <li class = ""> <a href="/careers/our-locations/uae.html" class=""> U.A.E. </a> </li> <li class = ""> <a href="/careers/our-locations/uk.html" class=""> U.K. </a> </li> <li class = ""> <a href="/careers/our-locations/usa.html" class=""> U.S.A. </a> </li> </ul> </li> <li style="order:1" class=" li_show_children li_show_children_2" > <a href="/careers/working-at-clifford-chance.html" class=""> Working at Clifford Chance </a> <ul class="nav_primary_ul_level_3"> <a class="nav1" href="/careers/working-at-clifford-chance.html"> Visit this section </a> <li class = ""> <a href="/careers/working-at-clifford-chance/how-we-support-you.html" class=""> Grow with us </a> </li> <li class = ""> <a href="/careers/working-at-clifford-chance/our-work.html" class=""> Our culture </a> </li> <li class = ""> <a href="/careers/working-at-clifford-chance/the-clifford-chance-careers-podcast.html" class=""> The Clifford Chance Careers Podcast </a> </li> </ul> </li> </ul>  </li> <li id="li_search_2020"><a href="#">Search</a></li> </ul> </nav> <nav class="nav_show"> <a href="#" class="a_show_search a_show">Show Search bar</a> <a href="#" class="a_show_nav a_show">Show nav bar</a> </nav> </div> </div> </header> <div class="page_container"> <div class="headersearch search2019form"><div class="findPeople">  <form class="form_filter_search" action="/client-portal/cbg/cbfg/search.html" method="GET"> <fieldset class="fieldset_home_4_sector"> <legend>All</legend> <label for="tags_sector_form" style="position: absolute; opacity: 0;">Choose a sector</label> <select name="contenttype" class="tags_sector"> <option value="All">All</option> <option value="/content/cliffordchance/people_and_places/people"> People </option> <option value="/content/cliffordchance/expertise"> Expertise </option> <option value="/content/cliffordchance/briefings"> Publications </option> <option value="/content/cliffordchance/client-portal/alerters"> Alerters </option> <option value="/content/cliffordchance/news/news"> News </option> <option value="/content/cliffordchance/people_and_places/people/offices"> Offices </option> <option value="/content/cliffordchance/insights/thought_leadership"> Thought Leadership </option> </select> </fieldset> <div class="namestyle"> <label class="query" for="query_form">Keywords</label> <input id="query_form" autocomplete="off" class="search_input query" required type="text" name="query" placeholder="Start typing your keyword search terms" style="width: calc(100% - 270px);" pattern="[^*]{2,}" oninvalid="searchFormValidation(this);" oninput="searchFormValidation(this);" onmouseover="title='';" data-thistitle="A minimum of two characters is required and please avoid asterisk(*)"/> <input type="hidden" name="_charset_" class="_charset_" value="UTF-8"/> </div> <label style="display: none;" for="input_home_4_submit_form">Submit search</label> <input id="input_home_4_submit_form" class="search_submit input_home_4_submit" type="submit" width="125" height="20" name="input_home_4_submit" src="/etc/designs/cc2014/images/search_submit_large.jpg" alt="Search"/> </form> </div></div> </div> <header class="" id="header_marquee"> <div class="page_container"> <div id="div_header_carousel"> <div class="parsysheadercarousel parsys"> </div> </div> <div class="div_image_container"> <img id="img_main" src="/content/dam/cliffordchance/client-portal/cbg/cbfg/cbfg-top.jpg" width="1260" height="340" alt="Cross Border Financing Guide<br />Critical information for structuring a cross border financing"/> </div> <div id="header_h2_h3"> <h2 style="color: #FFFFFF !important;">Cross Border Financing Guide<br />Critical information for structuring a cross border financing</h2> <h3 style="color: #FFFFFF !important;">Critical information for structuring a cross border financing<br /></h3> </div> <div class="parsysheadermarqueeinfo parsys"> </div> <div class="messagecentre"></div> </div> </header> <main id="main_content" class="main_"> <div class="iparsysmain iparsys parsys"><div class="iparys_inherited"><div class="iparsysmain iparsys parsys"></div> </div> </div> <div class="parsysmain responsivegrid"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="cbgcontainer aem-GridColumn aem-GridColumn--default--12"><article class="article_cbg_container"> <header class="header_cbg"> <h2>Cross Border Financing Guide</h2> <h3>Critical information for structuring a cross border financing</h3> </header> <form id="form_cbg_search" action="/client-portal/cbg/cbfg/search.html" method="GET"> <div class="namestyle"> <label style="display: none;" class="query" for="query">Keywords</label> <input autocomplete="off" class="search_input query" type="text" name="query" placeholder="Start typing your keyword search terms"/> <input type="hidden" name="_charset_" class="_charset_" value="UTF-8"/> </div> <label style="display: none;" for="input_cbg_submit">Submit search</label> <input id="input_cbg_submit" class="search_submit" type="submit" width="125" height="20" name="input_cbg_submit" src="/etc/designs/cc2014/images/search_submit_large.jpg" alt="Search"/> </form> <section class="section_cbg_main"> <nav class="nav_cbg_tabs"> <ul> <li class="selected li_cbg_1"><a href="#"><strong>1</strong><br/>Choose your jurisdictions</a></li> <li class="li_cbg_2"><a href="#"><strong>2</strong><br/>Select your questions<br/><span style="color: #45a5da; font-size: 12px; line-height: 16px;" class="span_cbg_limit"></span></a></li> <li class="li_cbg_3"><a href="#"><strong>3</strong><br/>Get your report</a></li> </ul> </nav> <div class="div_jurisdictions div_cbg"> <nav class="nav_cbg_countries"> <ul> <li><a href="#" data-regioncode="ALL">All</a></li> <li><a href="#" data-regioncode="AFR">Africa</a></li> <li><a href="#" data-regioncode="AME">Americas</a></li> <li><a href="#" data-regioncode="ASI">Asia</a></li> <li><a href="#" data-regioncode="AAO">Australia & Oceania</a></li> <li><a href="#" data-regioncode="EUR">Europe</a></li> <li><a href="#" data-regioncode="INT">International</a></li> <li><a href="#" data-regioncode="MID">Middle East</a></li> </ul> </nav> <form id="form_cbg_countries"> <input id="input_cbg_all_countries" type="checkbox"/> <label for="input_cbg_all_countries">Select all countries</label> <label style="display: none;" class="query" for="input_cbg_countries">Start typing a country</label> <input autocomplete="off" class="input_cbg_countries" type="text" name="query" id="input_cbg_countries" placeholder="Start typing country"/> <label style="display: none;" for="input_cbg_countries_submit">Submit search</label> <input id="input_cbg_countries_submit" class="search_submit" type="submit" width="125" height="20" name="input_cbg_submit" src="/etc/designs/cc2014/images/search_submit_large.jpg" alt="Search"/> <a class="jugad" href="/client-portal/cbg/cbfg.html">Reset All</a> </form> <div class="div_cbg_countires_columns"> <div class="cbgjurisdictions"> <article class="article_cbg_jurisdictions"> <ul class="ul_latest_briefings"> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/au" data-countrycode="au" data-regioncode="ALL,AAO"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_australia.gif"/> Australia </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/be" data-countrycode="be" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_belgium.gif"/> Belgium </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/br" data-countrycode="br" data-regioncode="ALL,AME"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_brazil.gif"/> Brazil </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/cn" data-countrycode="cn" data-regioncode="ALL,ASI"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_china.gif"/> China </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/cz" data-countrycode="cz" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_czech_republic.gif"/> Czech Republic </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/fr" data-countrycode="fr" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_france.gif"/> France </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/de" data-countrycode="de" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_germany.gif"/> Germany </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/hk" data-countrycode="hk" data-regioncode="ALL,ASI"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_hong_kong.gif"/> Hong Kong SAR </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/hu" data-countrycode="hu" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_hungary.gif"/> Hungary </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/it" data-countrycode="it" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_italy.gif"/> Italy </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/jp" data-countrycode="jp" data-regioncode="ALL,ASI"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_japan.gif"/> Japan </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/lu" data-countrycode="lu" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_luxembourg.gif"/> Luxembourg </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/nl" data-countrycode="nl" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_netherlands.gif"/> Netherlands </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/pl" data-countrycode="pl" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_poland.gif"/> Poland </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/sg" data-countrycode="sg" data-regioncode="ALL,ASI"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_singapore.gif"/> Singapore (Republic of) </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/es" data-countrycode="es" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_spain.gif"/> Spain </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/se" data-countrycode="se" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_sweden.gif"/> Sweden </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/ae" data-countrycode="ae" data-regioncode="ALL,MID"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_united_arab_emirates.gif"/> United Arab Emirates </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/gb-ew" data-countrycode="gb-ew" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_united_kingdom.gif"/> United Kingdom/England & Wales </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/gb-sct" data-countrycode="gb-sct" data-regioncode="ALL,EUR"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_scotland.gif"/> United Kingdom/Scotland </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/us" data-countrycode="us" data-regioncode="ALL,AME"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_united_states.gif"/> United States </a> </li> <li class="li_country"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/vt" data-countrycode="vt" data-regioncode="ALL,ASI"> <img width="32" height="16" alt="" src="/content/dam/cliffordchance/client-portal/flags/flag_vietnam.gif"/> Vietnam </a> </li> </ul> </article> </div> </div> <a class="a_cbg_next" href="#">Next: Select your questions</a> </div> <div class="div_questions div_cbg"> <div class="cbgquestions"> <article class="article_cbg_questions"> <a href="#" class="a_selectall"><strong>Select full guide</strong></a> <ul> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/0"> Executive Summary </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/0/1"> General background </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/0/2"> Brief overview of specific issues </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/0/3"> Recent developments </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/0/4"> Principal concerns and items to note </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/1"> 1. Types of business entity </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/1/1-1"> 1.1 What are the common forms of business entity? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/1/1-2"> 1.2 What are the less common forms of business entity? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/2"> 2. Guarantees </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/2/2-1"> 2.1 Are Guarantees available? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3"> 3. Security: General </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-1"> 3.1 Is effective Security generally available? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-2"> 3.2 Can Security be taken over future assets? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-3"> 3.3 What types of Security are there? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-4"> 3.4 How is Security taken over multiple types of assets? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-5"> 3.5 Is there a risk that Security can be recharacterised? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-6"> 3.6 Are there registration requirements? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-7"> 3.7 How is Security usually enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-8"> 3.8 Are there special rules for Financial Collateral? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/3/3-9"> 3.9 Are there any other points to note? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/4"> 4. Security over the business </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/4/4-1"> 4.1 Can Security be taken over the general business? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/4/4-2"> 4.2 How is Security taken over the business? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/4/4-2/4-2-1"> 4.2.1 How is Security over the business enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/4/4-2/4-2-2"> 4.2.2 What are the registration requirements for Security over the business? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5"> 5. Security over shares </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-1"> 5.1 Is Security available over Shares? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-2"> 5.2 How is Security taken over Shares (other than dematerialised Shares)? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-2/5-2-1"> 5.2.1 How is Security over Shares (other than dematerialised Shares) enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-2/5-2-2"> 5.2.2 What are the registration requirements for Security over Shares (other than dematerialised Shares)? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-3"> 5.3 How is Security taken over dematerialised Shares? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-3/5-3-1"> 5.3.1 How is Security over dematerialised Shares enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/5/5-3/5-3-2"> 5.3.2 What are the registration requirements for Security over dematerialised Shares? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/6"> 6. Receivables </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/6/6-1"> 6.1 Is Security available over Receivables and their proceeds? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/6/6-2"> 6.2 How is Security taken over Receivables? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/6/6-2/6-2-1"> 6.2.1 How is Security over Receivables enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/6/6-2/6-2-2"> 6.2.2 What are the registration requirements for Security over Receivables? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/7"> 7. Bank accounts </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/7/7-1"> 7.1 Is Security available over bank accounts? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/7/7-2"> 7.2 How is Security taken over bank accounts? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/7/7-2/7-2-1"> 7.2.1 How is Security over bank accounts enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/7/7-2/7-2-2"> 7.2.2 What are the registration requirements for Security over bank accounts? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/8"> 8. Land and buildings </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/8/8-1"> 8.1 Is Security available over commercial Land and Buildings? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/8/8-2"> 8.2 How is Security taken over commercial Land and Buildings? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/8/8-2/8-2-1"> 8.2.1 How is Security over commercial Land and Buildings enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/8/8-2/8-2-2"> 8.2.2 What are the registration requirements for Security over commercial Land and Buildings? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9"> 9. Intellectual Property </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-1"> 9.1 Can Security be taken over Intellectual Property? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-1/9-1-1"> 9.1.1 How is Security taken over IP? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-1/9-1-2"> 9.1.2 What are the registration requirements for Security over IP? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-2"> 9.2 How is Security taken over patents? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-2/9-2-1"> 9.2.1 How is Security over patents enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-2/9-2-2"> 9.2.2 What are the registration requirements for Security over patents? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-3"> 9.3 How is Security taken over registered trademarks? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-3/9-3-1"> 9.3.1 How is Security over registered trademarks enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-3/9-3-2"> 9.3.2 What are the registration requirements for Security over registered trademarks? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-4"> 9.4 How is Security taken over unregistered trademarks and goodwill? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-4/9-4-1"> 9.4.1 What are the registration requirements for Security over unregistered trademarks? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-5"> 9.5 Can Security be taken over domain names? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-6"> 9.6 Can Security be taken over registered design rights? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-6/9-6-1"> 9.6.1 How is Security over registered design rights enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-6/9-6-2"> 9.6.2 What are the registration requirements for Security over registered design rights? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-7"> 9.7 Can Security be taken over unregistered design rights? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-7/9-7-1"> 9.7.1 How is Security over unregistered design rights enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-7/9-7-2"> 9.7.2 What are the registration requirements for Security over unregistered design rights? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-8"> 9.8 Can Security be taken over copyright? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-8/9-8-1"> 9.8.1 How is Security over copyright enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-8/9-8-2"> 9.8.2 What are the registration requirements for Security over copyright? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-9"> 9.9 Can Security be taken over database content? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-10"> 9.10 Can Security be taken over licences of IP? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-10/9-10-1"> 9.10.1 What is the method of taking Security over IP licences? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-10/9-10-2"> 9.10.2 How is Security over IP licences enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/9/9-10/9-10-3"> 9.10.3 What are the registration requirements for Security over IP licences? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/10"> 10. Moveables </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/10/10-1"> 10.1 Can Security be taken over Moveables? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/10/10-2"> 10.2 How is Security taken over Moveables? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/10/10-2/10-2-1"> 10.2.1 How is Security over Moveables enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/10/10-2/10-2-2"> 10.2.2 What are the registration requirements for Security over Moveables? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/11"> 11. Contractual rights (other than receivables) </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/11/11-1"> 11.1 Is Security available over contractual rights (other than Receivables)? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/11/11-1/11-1-1"> 11.1.1 How is Security taken over contractual rights? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/11/11-1/11-1-2"> 11.1.2 How is Security over contractual rights enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/11/11-1/11-1-3"> 11.1.3 What are the registration requirements for Security over contractual rights? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12"> 12. Debt securities </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-1"> 12.1 Can Security be taken over Debt Securities? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-2"> 12.2 How is Security taken over registered, certificated Debt Securities? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-2/12-2-1"> 12.2.1 How is Security over registered, certificated Debt Securities enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-2/12-2-2"> 12.2.2 What are the registration requirements for Security over registered, certificated Debt Securities? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-3"> 12.3 How is Security taken over bearer Debt Securities? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-3/12-3-1"> 12.3.1 How is Security over bearer Debt Securities enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-3/12-3-2"> 12.3.2 What are the registration requirements for Security over bearer Debt Securities? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-4"> 12.4 How is Security taken over dematerialised Debt Securities? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-4/12-4-1"> 12.4.1 How is Security over dematerialised Debt Securities enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/12/12-4/12-4-2"> 12.4.2 What are the registration requirements for Security over dematerialised Debt Securities? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/13"> 13. Ships </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/13/13-1"> 13.1 Can Security be taken over ships? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/13/13-2"> 13.2 How is Security over ships taken? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/13/13-2/13-2-1"> 13.2.1 How is Security over ships enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/13/13-2/13-2-2"> 13.2.2 What are the registration requirements for Security over ships? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/14"> 14. Aircraft </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/14/14-1"> 14.1 Can Security be taken over aircraft? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/14/14-2"> 14.2 How is Security over aircraft taken? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/14/14-2/14-2-1"> 14.2.1 How is Security over aircraft enforced? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/14/14-2/14-2-2"> 14.2.2 What are the registration requirements for Security over aircraft? </a> <ul> </ul> </li> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/15"> 15. Shared security (security trustee/security agent) </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/15/15-1"> 15.1 Can a single security package be granted to several Secured Creditors? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/16"> 16. Transferability of loans and security </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/16/16-1"> 16.1 Can a loan and related Security be transferred from one entity to another? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/17"> 17. Corporate benefit </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/17/17-1"> 17.1 Is Corporate Benefit an issue which should be considered? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/18"> 18. Financial assistance </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/18/18-1"> 18.1 Is there a prohibition on a company providing assistance for the acquisition of Shares in itself or an affiliate? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/19"> 19. Priorities </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/19/19-1"> 19.1 What are the rules on the priority of Security? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20"> 20. Insolvency </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20/20-1"> 20.1 Is Security recognised in an insolvency and can it be challenged? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20/20-2"> 20.2 Can a Secured Creditor's ability to enforce its Security be impeded? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20/20-3"> 20.3 What are the main insolvency procedures and how are they conducted? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20/20-4"> 20.4 Are there restructuring procedures available which can be used as an alternative to insolvency proceedings? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/20/20-5"> 20.5 What are the insolvency regimes which apply? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/21"> 21. Summary of tax concerns </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/21/21-1"> 21.1 What withholding tax is payable on interest payments? </a> <ul> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/21/21-1/21-1-1"> 21.1.1 Are there any withholding tax exemptions? </a> <ul> </ul> </li> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/21/21-2"> 21.2 What taxes are payable on the transfer of assets? </a> <ul> </ul> </li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/21/21-3"> 21.3 Are there restrictions on the deductibility of interest? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/22"> 22. Fees and expenses </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/22/22-1"> 22.1 Are there any fees and expenses typically payable on the creation of Security and do they influence the way in which secured transactions are structured? </a> <ul> </ul> </li> </ul> </li> <li class="li_question_group"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/23"> 23. Execution of documents </a> <ul> <li class="li_question"><a href="#" class="a_selectall"><strong>Select All</strong></a></li> <li class="li_question"> <a href="/content/cliffordchance/client-portal/cbg/cbfg/XX/23/23-1"> 23.1 What are some of the key points on execution formalities? </a> <ul> </ul> </li> </ul> </li> </ul> </article> </div> <a class="a_cbg_next" href="#">Next: Get your report</a> <a class="a_cbg_back" href="#">Back</a> </div> <div class="div_report div_cbg"> <a href="#" class="a_report_tab a_detail_view selected">Detail view</a> <a href="#" class="a_report_tab a_quick_view">Quick view</a> <p class="p_cbg_utils" id="bookid"><a href="#" class="a_cbg_utils a_bookmark_cp" style="background-image: url(/etc/designs/cc/images/cp-icon-bookmark-white.png);">Bookmark</a></p>  <p class="p_cbg_utils p_cbg_utils_print"></p> <p class="p_cbg_utils p_cbg_utils_share" id="shareid"><a href="#" class="a_cbg_utils" style="background-image: url(/etc/designs/cc/images/cp-icon-share-white.png);">Share</a> <span> <a class="cbg_twitter" href="https://twitter.com/intent/tweet?&url=$$_URL_$$" target="_blank">Twitter</a>  <a class="cbg_linkedin" href="http://www.linkedin.com/shareArticle?mini=true&url=$$_URL_$$" target="_blank">LinkedIn</a>  <span> </p> <div class="div_detail_view"> <p>Report details</p> </div> <div class="div_quick_view"> <p>Quick view details</p> </div> <a class="a_cbg_back" href="#">Back</a> </div> <div id="div_glossary_store" style="display: none;"> <h3>Awaiting Glossary data</h3> </div> </section> <section class="section_cbg_links"> <div class="div_cglinks_columns"> <h2>Useful links</h2> <ul> <li><a href="https://financialmarketstoolkit.cliffordchance.com/en/financial-markets-resources/resources-by-type/withholding-tax-table.html" target="_blank">Withholding Tax Table</a></li> <li><a href="/client-portal/cbg/cbfg/glossary.html" target="_blank">Glossary</a></li> <li><a href="https://www.cliffordchance.com" target="_blank">Clifford Chance Website</a></li> </ul> </div> <div class="div_cglinks_columns"> <h2>Global Contacts</h2> <ul> <li><a href="/people_and_places/people/partners/gb/kate_gibbons.html">Kate Gibbons</a></li> <li><a href="/people_and_places/people/lawyers/gb/sophie-hughes.html">Sophie Hughes</a></li> </ul> </div> </section> </article> </div> </div> </div> <div class="div_share_show" style="display:none"> <div> <ul class="ul_sharing"> <li class="li_sharing_twitter"><a href="https://twitter.com/intent/tweet?text=Cross%20Border%20Financing%20Guide&url=https%3A%2F%2Fwww.cliffordchance.com%2Fclient-portal%2Fcbg%2Fcbfg.html" target="_blank"><img src="/etc/designs/cc2014/images/Logo-X_Corp.png" width="40" height="40" alt="Share on Twitter"/></a></li> <li class="li_sharing_linkedin"><a href="http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.cliffordchance.com%2Fclient-portal%2Fcbg%2Fcbfg.html" target="_blank"><img src="/etc/designs/cc2014/images/hublinkedin.png" width="40" height="40" alt="Share on LinkedIn"/></a></li> <li class="li_sharing_email"><a href="mailto:%20?subject=Cross%20Border%20Financing%20Guide&body=https%3A%2F%2Fwww.cliffordchance.com%2Fclient-portal%2Fcbg%2Fcbfg.html"><img src="/etc/designs/cc2014/images/hubemail.png" width="40" height="40" alt="Share via email"/></a></li> </ul> <a href="#" id="a_back_to_top" title="back to top"><img src="/etc/designs/cc2014/images/hubbacktotop.png" width="40" height="40" alt="Back to top"/></a> </div> </div> </main> <div><section id="section_tkosp" class="section_tkosp_login" data-maxheight="400" data-oktaorgurl="https://cliffordchance.okta-emea.com" data-oktacclogin="https://cliffordchance.okta-emea.com/sso/idps/0oa7j4zrvkmb4LKK50i7?fromURI=https://cliffordchance.okta-emea.com/home/cliffordchance_clientportal_1/0oa33xh19dApYwJlP0i7/aln33xlfn28mYHcdo0i7" data-oktaredirecturl="https://cliffordchance.okta-emea.com/home/cliffordchance_clientportal_1/0oa33xh19dApYwJlP0i7/aln33xlfn28mYHcdo0i7"> <div class="page_container"> <h2 id="h2_tkosp_button" style="background-color: #45a5da !important;"> <a id="a_tkosp_button" href="#"><span class="span_hide550">Toolkits & </span>Client Log-in</a> </h2> <ul id="ul_tkosp_toolkits_list"> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/Premium-services-thumbnail1.jpg)"><a id="Client Portal" href="https://www.cliffordchance.com/client-portal.html"><strong>Client Portal</strong><br/></a> </li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/lighthouse.jpg)"><a id="Toolkit" href="https://financialmarketstoolkit.cliffordchance.com"><strong>Financial Markets</strong><br/>Toolkit</a> </li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/tt-background-toolkit.png)"><a id="Insights" href="https://www.cliffordchance.com/insights/resources/hubs-and-toolkits/talking-tech/en/home.html"><strong>Talking Tech</strong><br/>Insights</a> </li> <li style="background-image: url(/content/dam/cliffordchance/client-portal/images/blogs-toolkit-bar.jpg)"><a id="Blogs" href="https://www.cliffordchance.com/insights/resources/blogs.html"><strong>Blogs</strong><br/></a> </li> </ul>  <div id="okta-login-container"></div>  <div id="okta-account-control"> <ul> <li><a style="background-image: url(/etc/designs/cc/images/cp-icon-pref.png);" href="/client-portal.html">Client Portal</a></li> <li><a style="background-image: url(/etc/designs/cc/images/cp-icon-account.png);" href="/client-portal/forms/preference-form.html">Manage account and preferences</a></li> <li><a style="background-image: url(/etc/designs/cc/images/cp-icon-bookmark.png);" href="/client-portal.html?bookmarks=true">Bookmarks</a></li> <li><a style="background-image: url(/etc/designs/cc/images/cp-icon-logout.png);" href="/client-portal.html" id="a_logout">Log-out</a></li> </ul> </div>  </div> </section></div> <footer id="footer_main"> <div class="page_container" style="overflow: hidden;"> <ul id="ul_footer"> <li class="li_copyright" style="float: right;">© 2024 Clifford Chance</li> <li id="nav_footer_li_0"> <a href="/sitemap.html"> Sitemap </a> </li> <li id="nav_footer_li_1"> <a href="/Legal_statements/accessibility.html"> Accessibility </a> </li> <li id="nav_footer_li_2"> <a href="/alumni_network.html"> Alumni Network </a> </li> <li id="nav_footer_li_3"> <a href="/Legal_statements/attorney-advertising.html"> Attorney advertising </a> </li> <li id="nav_footer_li_4"> <a href="/Legal_statements/complaints.html"> Complaints </a> </li> <li id="nav_footer_li_5"> <a href="/contact.html"> Contact us </a> </li> <li id="nav_footer_li_6"> <a href="/Legal_statements/illegal_use_of_our_name.html"> Illegal use of our name </a> </li> <li id="nav_footer_li_7"> <a href="/Legal_statements.html"> Legal Statements </a> </li> <li id="nav_footer_li_8"> <a href="/Legal_statements/modern-slavery-act.html"> Modern Slavery Act </a> </li> <li id="nav_footer_li_9"> <a href="/Legal_statements/privacy_statement.html"> Privacy </a> </li> <li id="nav_footer_li_10"> <a href="/Legal_statements/subscribe.html"> Subscribe </a> </li> </ul> <ul class="ul_sharing"> <li class="li_linkedin"><a href="https://www.linkedin.com/company/clifford-chance-llp" rel="noopener noreferrer" target="_blank">Connect on LinkedIn</a></li> <li class="li_twitter"><a href="https://twitter.com/Clifford_Chance" rel="noopener noreferrer" target="_blank">Follow us on Twitter</a></li> <li class="li_instagram"><a href="https://www.instagram.com/cliffordchancecareers/?hl=en" rel="noopener noreferrer" target="_blank">Follow us on Instagram</a></li> <li class="li_youtube"><a href="https://www.youtube.com/@cliffordchanceglobal" rel="noopener noreferrer" target="_blank">Follow us on YouTube</a></li> <li class="li_wechat"><a href="https://www.cliffordchance.com/people_and_places/places/asia_pacific/china/hong-kong-sar/wechat.html" rel="noopener noreferrer" target="_blank">Follow us on WeChat</a></li> <li class="li_facebook"><a href="https://www.facebook.com/CliffordChanceGrads" rel="noopener noreferrer" target="_blank">Join us on Facebook</a></li> </ul> <script async src="https://siteimproveanalytics.com/js/siteanalyze_10168.js"></script> </div> </footer> <footer id="footersticky"> <div class="parsysfootersticky iparsys parsys"><div class="section"><div class="new"></div> </div><div class="iparys_inherited"><div class="parsysfootersticky iparsys parsys"></div> </div> </div> </footer> <script type="text/javascript">_satellite.pageBottom();</script> <script type="text/javascript"> _linkedin_partner_id = "569081"; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); </script><script type="text/javascript"> (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName("script")[0]; var b = document.createElement("script"); b.type = "text/javascript";b.async = true; b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); </script> <noscript> <img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=569081&fmt=gif"/> </noscript> </body> </html>

CINXE.COM

Cross Border Financing Guide