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Legal Aspects of Receivables Financing provides a comprehensive analysis of this complex area of corporate finance management. It explores some of the fundamental legal propositions around which receivables financing is usually organised. It examines the legal nature of receivables; the anatomy of security interests; the theory of secured financing; the patterns of receivables financing and the considerations relevant to the choice of any one technique of receivables financing; priority problems; enforcement of the financing agreement; equities affecting assigned receivables, and the impact of insolvency on receivables financing. * Covers all developments to receivables financing since the publication of the first edition in 1990 * Includes new chapters on securitisation, cross-border issues, and assignments * Revised and updated to include fixed charges and priorities, dematerialisation, and the increasing use of securitisation of virtually any subject matter * Expanded section on the conflict of laws and a re-appraisal of Dearle v. Hall