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equitable lien
International
16 September 2013
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Equitable liens are a security interest which arises for sums justly due, in property not in the possession of
the person. They arise by operation of law or by statute. An equitable lien grants a charge over the
property and arises by virtue of the relationship between the parties.
Equitable liens create an equitable proprietary right to the property in question. The lien holder is entitled to
a (court) order for sale, and may be enforced by an injunction to prevent disposal of the relevant property
where the person owing the debt does not perform its obligations.
3/14/2015 3:23 PM
Equitable liens & circumstances where the security interest arises; English...
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http://www.drukker.co.uk/publications/reference/equitable-lien/#.VQS0...
Usage: The creditor claimed an equitable lien over the ship as security of the repairs works performed.
Related Terms
lien; debenture; legal charge; debenture; equitable charge; equitable mortgage; legal mortgage; fixed and floating charge.
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3/14/2015 3:23 PM