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Thinking posts
5 results5 results
Thinking| 11 Dec 2018
Corporate trustees and ipso facto reforms
The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) (Act) introduced new laws which operate to stay the enforcement of ipso facto clauses that are triggered upon a company suffering an insolvency event. These new laws come into effect for contracts entered into on or after 1 July 2018. An ipso facto […]
Thinking| 17 Jul 2018
Extensions of time for registration under PPSA
Several decisions handed down in the Personal Property Securities Act 2009 (Cth) (PPSA) space have emphasised the importance of registering security interests within the legislative timeframes and also examined the discretionary factors courts will consider in their deliberations over whether extensions of time for registration of security interests should be granted. In particular, in determining […]
Thinking| 27 Jun 2018
Stop thief! Ownership rights and the Personal Property Securities Act
The decision in Chelliah v NSW Police [2018] NSWSC 557 serves as a reminder that the Personal Property Securities Act 2009 (Cth) (PPSA) is not a panacea for any ownership issues arising. In this case, the purchaser of a vintage Lamborghini purported to register a security interest on the Personal Property Securities Register (PPSR) to […]
Thinking| 15 Feb 2016
PPS Leases – Regularly engaged in the business of leasing
The dispute arose out of the installation at a site south of Port Hedland, Western Australia, of four mobile gas turbine generator sets (Turbines) as part of a temporary power station established by Regional Power Corporation...
Thinking| 01 Dec 2015
Secured creditors exposed to unfair preference claims: When a secured creditor is not a secured creditor
With the introduction of the unfair preference regime in the Corporations Act 2001, a short provision was included...