Matthew Padian, a Senior Associate in the Banking & Finance practice at Stevens & Bolton, has recently contributed an article to the Butterworths Journal of International Banking and Financial Law on the topic of suspense accounts.
The right to open and credit recoveries realised from enforcing guarantees or security interests to a suspense account is a common feature in many finance contracts. In this article, Matthew looks at how such rights are typically used and the limits associated with exercising such rights.
A copy of this article, which was first published in the September 2017 edition of the Butterworths Journal of International Banking and Financial Law, can be downloaded by clicking here.
Matthew Padian