19 Realisation, Appropriation and Liquidation of Collateral

(1) The realisation, appropriation or liquidation of collateral under a collateral arrangement does not require any party to the arrangement, or any other person, to give notice or consent, unless the parties agree otherwise.
(2) However, sub-article (1) does not affect the operation of any law in force in the QFC requiring the realisation, appropriation and liquidation of collateral to be conducted in a commercially reasonable manner.
Derived (as from 19th October 2017).