Document background
The Assignment Of Security Agreement is a crucial document used in Hong Kong's financial and corporate landscape when transferring security interests from one party to another. This document is typically required in scenarios such as loan portfolio sales, corporate restructuring, refinancing arrangements, or when selling participation in syndicated facilities. It ensures compliance with Hong Kong's legal framework, including the Companies Ordinance and Conveyancing and Property Ordinance, while maintaining the effectiveness of the underlying security. The document must address various technical requirements including registration of the assignment, perfection of security interests, and notification to relevant parties. It's particularly important in the context of Hong Kong's role as a major financial center, where security interests are frequently traded and transferred between financial institutions and other entities.
