Personal Property Securities Act
A Conceptual Approach
By: Linda Widdup
Almost ten years have elapsed since the revised edition of "PPSA a conceptual approach" was published. Both the first edition and the revised edition were published prior to the time the PPSA came into force in New Zealand in May 2002. As a result, the book does not include references to any New Zealand case law. Therefore, the primary purpose in writing a new edition is to include commentary and references to relevant New Zealand case law. In addition, the new edition will also include commentary and references to relevant Canadian case law that has arisen since 2002. A substantial body of case law has developed since 2002. Australia has also enacted a PPSA which is scheduled to come into force in early 2012. The new edition of the book will also include some reference to Australian legislation for comparative purposes and to the extent it contributes to the discussion on issues arising in New Zealand. In my view, an updated edition of the book will appeal to the New Zealand market as well as the Australian market (although please see the market research info at 11 below). This book's unique selling point is its conceptual approach rather than the section by section analysis and commentary which prevails in other publications dealing with the PPSA as a subject matter. The conceptual approach brings relevant issues together which is helpful. Several practitioners in Australia have commented that due to the conceptual approach, they recommend this book as the book to start with when learning about the changes brought by the PPSA. The structure of the current text is unlikely to change as the developments in the law will generally be accommodated within the existing chapters. However there are some emerging issues that might be dealt with better in separate chapters, so additional chapters may be included.
AI Overview
The book "Personal Property Securities Act: A Conceptual Approach" by Linda Widdup and Laurie Mayne provides a comprehensive guide to the Personal Property Securities Act (PPSA), which is a significant piece of legislation governing the security interests in personal property. Here is a detailed overview of the book:
Key Themes
- Conceptual Framework: The book focuses on providing a conceptual approach to understanding the PPSA, making it accessible to both legal professionals and students.
- Security Interests: It delves into the various types of security interests, including fixed and floating charges, and how they are registered and prioritized under the Act.
- Registration Requirements: The authors discuss the importance of registration and the consequences of non-registration, including priority rules and the impact on secured creditors.
- Insolvency and Priority Rules: The book explores how the PPSA interacts with insolvency laws, particularly in scenarios involving the vesting of security interests and the priority rules that govern them.
- Case Studies and Practical Applications: It includes practical examples and case studies to illustrate the application of the PPSA in real-world scenarios, making it easier for readers to understand the theoretical concepts.
Plot Summary
The book is structured to provide a clear and logical progression from the foundational principles of the PPSA to its practical applications. It begins with an introduction to the historical context and the need for the PPSA, followed by an in-depth examination of the key concepts and provisions of the Act. The authors then delve into the registration process, the types of security interests, and the priority rules that govern them. The book also covers the implications of the PPSA in scenarios involving insolvency, including the vesting of security interests and the impact on creditors.
Critical Reception
While there is no specific critical reception available for the book in the search results, Linda Widdup is recognized as a leading expert in the field of personal property securities law. Her publications, including this book, are highly regarded for their clarity and practicality. The book's conceptual approach and inclusion of case studies are likely to be praised for making complex legal concepts more accessible to a broader audience.
Editions
The book has been published in multiple editions, with the fourth edition being the most recent. The fourth edition, published by LexisNexis New Zealand, is available in paperback format and is updated to reflect the latest developments and changes in the law.
Additional Publications by Linda Widdup
Linda Widdup has authored several other publications and articles that further demonstrate her expertise in the field. These include articles published in reputable journals such as the Australian Business Law Review and the Journal of Banking and Finance Law and Practice, which cover a range of topics related to the PPSA.
In summary, "Personal Property Securities Act: A Conceptual Approach" by Linda Widdup and Laurie Mayne is a comprehensive guide that provides a clear and practical understanding of the PPSA. Its conceptual framework, detailed explanations, and practical examples make it an invaluable resource for both legal professionals and students.