Security interests and knowing receipt

Abstract Third parties who receive trust property with knowledge that the transfer to them was a breach of will be liable in knowing receipt. Knowing receipt has grown quickly importance recent years and many finer points doctrine are still being worked out. This paper discusses one such issue: whether liability can exist when third party acquires security interest property, rather than underlying itself. point not yet been considered by English courts, although it examined cases from Australia, Canada Hong Kong. The analyses existing authorities context wider law relating explains conceptual difficulties practical problems allowing grounded on mere property.