2012 is set to be a pivotal year for insolvency law and practice, with the Personal Property Securities Act 2009 (Cth) set to become fully effective on 30 January 2012.
The PPSA will substantially change many aspects of commercial practice in Australia and will have far-reaching implications for lenders and insolvency practitioners. We will be closely monitoring the PPSA's implementation and the practical ramifications of the changes in the securities landscape. Watch this space for tips and updates on the effects and operation of the PPSA.
The Allens Insolvency Team wishes you a happy and successful 2012.