Security Interests: How the Strict PPSA Regime Can Lose You Your Property

By Josephine Vernon • In Commercial LawComments Off on Security Interests: How the Strict PPSA Regime Can Lose You Your Property

It is extremely important for businesses to be aware of the strict compliance necessary when recording security interests on the Personal Property Securities (“PPS”) Register. A lack of attention to detail may render registrations inadequate, which can cause an enormous loss of property to third parties. Alleasing Pty Ltd found

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The Ad Valorem Basis Gets the Sack in Sakr

By Josephine Vernon • In Insolvency LawComments Off on The Ad Valorem Basis Gets the Sack in Sakr

Introduction The NSW Court of Appeal has recently handed down judgment regarding the remuneration of registered liquidators in the matter of Sanderson as Liquidator of Sakr Nominees Pty Ltd (in liquidation) v Sakr [2017] NSWCA 38. The appeal was heard before a full bench, led by Chief Justice Bathurst. Facts

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