[MegLooney]

When the party who provides money to another seeks greater security of repayment, the providing party will complete a UCC-1 form and is referred to as the "Secured Party." The person or company receiving the funds is called the "Debtor" on the UCC-1 form. When this form is completed and registered with the Secretary of State in US, a lien is put in place which secures the collateral of the secured party. The collateral is whatever the secured party says it is on the form, which is authorized by the Debtor.

What do they call this UCC thing in Hong Kong? What about a lien?

[KnowItAll]

I suspect this would have to be done by a lawyer as a contract between two parties.

Doubt the govt here would get involved in a third party transaction. Banks might .. if the amount of substantial ...

[MegLooney]

This filing and unfiling of UCC can be easily done online or by a third party company in US. However, I've looked all over the net and still can't find anything like that in HK. I'm sure they have such law yet I don't know what it's called here...Maybe it's documented in the Chinese search engines which means no luck for me.

[KnowItAll]

Laws : http://www.legislation.gov.hk/eng/home.htm