You really don't have the right priorities!

In some legal systems, all of the priority, super priority, security and priming lien options for attracting post commencement finance are available to cover the new lending.

(4) An assignee asserting priority under the provisions of this Convention has priority over an assignee asserting priority based on grounds other than the provisions of this Convention.

OF EXPERTS ON MARITIME LIENS AND MORTGAGES AND RELATED

The law should have a complete set of priority rules covering all possible priority conflicts.

Administrative priority creditors do not rank ahead of a secured creditor with respect to its security interest, but generally are afforded a first priority (see chap. V, paras. 45 47 and 66) that ranks ahead of ordinary unsecured creditors and any statutory priorities, for example, taxes or social security claims.

Priority of security rights that are effective against third parties

In addition, it was noted that priority under the draft Convention gave a creditor only the right to be paid before other creditors that were subsequent in the line of priority.

Before the adoption of the 1993 MLM Convention, ship suppliers had a maritime lien in respect of their claim.

Network Priority

Priority of security rights that are not effective against third parties

You do not have sufficient privileges to change the CPU priority. Aborting.

and Mortgages and Related Subjects

CONTENTS (continued)

quot (8) Priority means the right of a party to receive payment in preference to another party.

The insolvency law should specify that, if a security right is entitled to priority under law other than the insolvency law, that priority continues unimpaired in insolvency proceedings except if, pursuant to the insolvency law, another claim is given priority.

Law applicable to priority

Proposals were made to replace the words quot secured claims quot and quot rights in rem quot , with reference to quot privileged claims quot , quot preferred claims quot or other expressions with a similar meaning.

(g) To consider as a matter of high priority becoming a party to all relevant human rights instruments

An assignee entitled to priority may at any time subordinate its priority unilaterally or by agreement in favour of any existing or future assignees.

6. One delegation referred to the task of the Working Group of ensuring that the list of maritime claims in Article 1 should include all claims with maritime lien status under the 1993 MLM Convention but should not necessarily be restricted to claims with maritime lien status.

of Experts on Maritime Liens and Mortgages and Related Subjects

In custody the mother has the preferential right while in guardianship the father has the better right.

The law should provide that a holder of a security right entitled to priority may at any time subordinate its priority unilaterally or by agreement in favour of any existing or future competing claimant.

The Right Priorities for the G8

You do not have sufficient privileges to change the IO scheduler and priority. Aborting.

Those countries must now make it a priority to defend all fundamental rights.

Note to the Working Group See recommendation I in the recommendations of this Guide on Insolvency The insolvency law should specify that, if a security right is entitled to priority under law other than the insolvency law, that priority continues unimpaired in insolvency proceedings except if, pursuant to the insolvency law, another claim is given priority.

Priority of the security right over the rights of competing claimants

(ff) Priority means the right of a person to derive the economic benefit of its security right in an encumbered asset in preference to a competing claimant.

If the secured creditor is the depositary bank, the depositary bank's security right has priority over any other security right.

The law should provide that a security right that is effective against third parties has priority over the rights of unsecured creditors.

Priority rules based on registration

Priority among several assignees

Property rights priority standards challenges

The insolvency law should establish the priority that may be accorded to post commencement finance, ensuring at least the payment of the post commencement finance provider ahead of ordinary unsecured creditors, including those unsecured creditors with administrative priority.

In addition, it was stated that legal opinions varied greatly as to whether article 12 of the Rome Convention was applicable to questions of priority or to any other question relating to property rights.

A more desirable approach may be to provide that creditors obtaining priority for new funding will retain that priority in any subsequent liquidation.

Some insolvency laws provide that new lending may be afforded some level of priority over existing secured creditors, (sometimes referred to as a priming lien ).

5. With respect to the relationship between maritime claims and maritime liens , the observer for the International Maritime Committee (CMI) noted that, in ensuring that maritime liens recognized by the 1993 International Convention on Maritime Liens and Mortgages (MLM Convention) were covered by the definition of maritime claim , there was no need strictly to use the same wording, since maritime liens were by nature more restrictive than maritime claims .

The law should provide that the priority accorded to a security right

Priority of acquisition security rights in proceeds of inventory

In summary, the proposal clearly set out maritime liens recognized under Article 4 of the MLM Convention and provided a means of enforcing maritime liens other than those recognized in Article 4 of the Convention, but no State was required to enforce maritime liens arising under Article 3 (1) (b).

Ten priority areas identified by the Palestinian Authority and falling under two of the six priority sectors of the United Nations were covered

Continuity in priority in the case achieving third party effectiveness by various methods