Update re Personal Property Securities Register

The Attorney-General’s department has recently released the November 2011 update which can be read by following the link on the PPSR website here.

Note that at this stage, the planned commencement date for the PPSR is 30 January 2012. There are some serious pitfalls for business and companies not across how the PPSR will operate and the effect it will have on  traditional notions of ownership and property interests, as we know them. Over the coming months, I will be posting case studies from New Zealand, to highlight the kinds of issues and problems that trading companies and their lawyers ought to be alive to, to safeguard their business interests and practices.

 

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