The Blog

Insolvency: How to avoid it

If profit is the reward for risk then insolvency is the price paid for risk.  As risk remains a constant in any business setting, so it follows that insolvencies are inevitable in any economy, either healthy or unhealthy. How insolvency affects the directors of a company today In today’s reality, once a company becomes insolvent… Read more

PPSA and PMSIs: Greater security over business assets

The Personal and Property Securities Act (PPSA) has been with us since January 2012 and whilst Retention of Title (RoT) clauses remain effective, this only acts as a transitional arrangement until January 2014.  In addition, the PPSA provides the ability for some to enhance their entitlement over goods supplied via PMSIs (Purchase Money Security Interests).… Read more