PPSA Pitfalls: Mistakes That Put Client Security Interests at Risk – Leo Cussen Centre for Law

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PPSA Pitfalls: Mistakes That Put Client Security Interests at Risk

PPSA Pitfalls: Mistakes That Put Client Security Interests at Risk

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Small errors under the PPSA can have significant commercial consequences, including the loss of priority or security interests. This session examines common mistakes encountered in practice and provides practical guidance for identifying risks, protecting security interests and avoiding costly outcomes for clients. 

This session will discuss: 

  • Correctly identifying grantors and avoiding registration errors.  
  • Registration timing requirements and common PPSR mistakes.  
  • Selecting the correct collateral class and describing collateral accurately.  
  • Serial-numbered goods and common registration pitfalls.  
  • Purchase money security interests (PMSIs) and priority issues.  
  • Searching, releasing and managing security interests.  
  • Practical risk management strategies for PPSA compliance.