Are you PPSR prepared?
Key Points The Personal Property Securities Act 2017(“Act”), which was passed in Fiji on 15 September 2017, will come into force in Fiji on 31 May 2019, with the Personal Property Securities Register (“Registry”) going “live” at the same time. The Act indicates significant reform for Fiji’s financial system by allowing a much wider range of moveable property to be pledged as collateral than was previously accepted by lenders, and creating a standardised set of rules governing
Alert: PPS Commencement Date
The Personal Property Securities Act 2017 (Act) will be commencing on 31 May 2019, representing a major reform for Fiji’s financial system. The Act will overhaul secured lending in Fiji and will also have far-reaching consequences across a broad range of commercial transactions and arrangements. If you are involved in lending, equipment leasing, the supply of goods, hire-purchase arrangements, or the commercial consignment of goods (to name a few) it is likely that the Act wi