The third of a series of four consultation papers in connection with the review of the operation of the Personal Property Securities Act 2009 has been released.

The third consultation paper looks at and makes recommendations for amendment in relation to:

This consultation paper considers issues regarding:
• the enforcement of security interests;
• the vesting of security interests on a grantor’s insolvency;
• the interaction between the Act and other legislation;
• the governing law rules;
• other provisions in the Act; and
• the general layout of the Act, and related matters.