Personal Property Securities Act 2009 (PPSA)
"The Personal Property Securities Act 2009 (PPSA) requires a fundamental shift in the way that people regard their non-land assets. If a business does not comply with the requirements of the PPSA, it risks losing its rights in those assets.
The PPSA is complex and offers little forgiveness to those who do not comply with its provisions. We take a practical approach to assist our clients in determining how the PPSA affects their businesses and what they need to do to protect their rights."
Ian Sinclair, Partner, Corporate & Commercial
Services and Expertise
The PPSA affects most businesses and
all industries. Our team has in depth experience to reflect the
broad nature of the PPSA's application, including lawyers with a
background in commercial, property, intellectual property, banking
and finance, insolvency and disputes.
Our team can help in relation to all
aspects of the PPSA, from considering how it applies to your
business and preparing terms and conditions, to obtaining the
removal of incorrect PPS registrations and determining priority
rankings of creditors. We also provide practical, 'hands on'
training to help your team apply the PPSA in their day-to-day
We assist a range of clients with their
PPSA issues, including suppliers and lessors of goods,
manufacturers and producers of goods, businesses in mining,
extractive and construction, banks, financiers and insolvency
In doing so, we regularly present on
the application of the PPSA to specific industries and have
produced the PPSA Practical Survival Guide for Insolvency
Areas of Legal Expertise
Our expertise includes:
In addition to legal services, we offer
clients a range of complementary services including:
- providing the Cornwall Stodart PPSA Survival Guide for
- providing regular practical updates
- conducting seminars, both in house and for clients' marketing