A “floating charge” under English law is a creature of equity that allows creditors to take security over the fluctuating assets of a debtor without hindering the debtor’s capability to sell and dispose of their assets until an event of default occurs.
Read moreChoice of law and mandatory provisions
These questions often come up frequently during our discussions with investors and their legal counsel: (1) whether their contractual relationships in Cambodia can be governed by foreign law, such as English law or Singapore law?; and (2) will Cambodian courts enforce such agreements?