COURSE CATEGORY
Substantive Law
PPS (Personal property securities) essentials for the corporate lawyer
Western Australia Customers
Please note this course has not been updated in the last twelve months and does not satisfy the requirements for CPD in WA.
Updated 26 July 2022
The personal property securities (PPS) regime is not just for banking lawyers. It impacts on corporate transactions in a number of key areas, including mergers and acquisitions, buying and selling of assets, and lending and borrowing money. This course provides lawyers with a practical overview on the impact of the PPS regime on corporate clients and corporate transactions.
Course Features
- Brief introduction – the PPS regime
- Quick recap – the new legal concept of perfection and the abolition of the nemo dat rule
- The importance of identifying and registering security interests, and the impact on corporate matters
- Practical tips regarding due diligence
- Confidentiality issues brought about by the PPS Act and how to manage them
- Why and how commercial documents would be amended for PPS Act changes
- The operation of the new section 588FL of the Corporations Act, and the importance of observing the timeframes for registration of a security interest
- What to do if the registration time for a security interest has been inadvertently missed
TARGET AUDIENCE
Lawyers wishing to gain a better understanding of the PPS regime, particularly on the impact of the new regime on corporate clients and corporate transactions.
CPD POINTS
1
TYPE
Text-based interactive module
Course Author: Karen Lee
Karen is the Principal of Legal Know-How and she provides expert advice to firms and businesses on risk management, legal and business process improvement, legal documentation, regulatory compliance and knowledge management.
