Clifford Chance

It's all in the name: floating charge security for cloud computing company

10 June 2024

Re UKCloud Ltd (in liquidation) is another first instance case which considers whether security is fixed or floating, following closely after Re Avanti Communications Ltd (in administration). In the context of Internet Protocol (IP) addresses, it helpfully confirms the process for characterising security as fixed/floating and provides further colour on the factors relevant to the analysis.

In this briefing note, we consider the key points and takeaways from the case.

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