The Doctrine of Specification: International Review
The article is devoted to the doctrine of specificity. This doctrine is known in many jurisdictions and holds that where an asset is disposed of – by sale, security interest, trust or gift – the asset must be identified. But in Anglo-American common law jurisdictions this doctrine has low importance. Nowadays, some countries are changing existing legislative specificity requirements by including universal security into the legal system. The universal security is a security interest over all company assets including future assets. This article is dedicated to different points of view on the specificity requirements existing in some jurisdictions in context of the specificity of collateral.
The full article by Artem Narizhniy is available in Russian.