A specialty debt is:

•a debt made by deed, or

•a deed which records or creates obligations, or

•a debt incurred by way of statute, or

•a certain type of debt that is given the nature of a specialty debt by statute

The debt may be secured or unsecured. At present the law by which the situs of such debts is determined is largely set out in a number of Privy Council decisions from 1891 onwards.

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