Companies Act 2006: Primary legislation governing corporate borrowing, security arrangements, and directors' duties and authority to enter into credit arrangements. Key for establishing the legal framework of corporate lending.
Law of Property Act 1925: Fundamental legislation concerning property law, particularly relevant for security arrangements and the requirements for creation and registration of charges in lending agreements.
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including requirements for regulated activities and financial transactions.
Consumer Credit Act 1974: While primarily focused on consumer lending, may be relevant if any consumer credit elements are involved in the inter-credit arrangement.
FCA Regulations: Regulatory guidelines and requirements set by the Financial Conduct Authority, particularly important if any parties are FCA regulated entities.
Basel Accords: International banking regulations affecting capital requirements and risk management, particularly relevant if banks are parties to the agreement.
Insolvency Act 1986: Legislation governing insolvency proceedings, creditor rights, and priority of payments in case of default or bankruptcy.
Common Law Contract Principles: Fundamental principles of English contract law including formation, consideration, and enforceability that underpin all contractual arrangements.
Companies House Registration Requirements: Statutory requirements for registering charges and other security interests with Companies House to ensure legal validity and priority.
