CLE Online

Welcome and Introduction

PPSA Primer

I. Basic Concepts 

• commonly used terms and ideas
• how the Act works

II. Basic Approach 

• the general policy of the PPSA
• transactions excluded from its scope
• involvement of other jurisdictions
• perfection and attachment
• the process of manufacturing an enforceable secured transaction

III. Language and Collateral Description 

• the language of the PPSA
• categories of personal property
• collateral descriptions

Mark R. Davies — Richards Buell Sutton LLP, Vancouver

Break

PPSA Primer [Cont.]

IV. Registrations and Searches 

• names and serial numbers
• amending and maintaining registrations
• what is expected of searching parties

V. Priorities 

• basic rules
• PMSIs
• subordination agreements

VI. Enforcement 

• "seize and sell"
• "seize and keep"
• foreclsoure — if there is associated real property security
• the procedures required by the Act

Mark R. Davies — Richards Buell Sutton LLP, Vancouver

Lunch

Special Topics

I. Investment Property 

• primer ont he PPSA/Securities Transfer Act
• enforcement
• case law update (voluntary foreclosure)

Donald G. Bird — Borden Ladner Gervais LLP, Vancouver

II. Real Estate Related Matters 

• an overview of real estate related PPSA matters including: location (site) specific security interests, assignments of rents, fixtures, crops, minerals and hydrocarbons, licenses, manufactured homes, security over mortgages and deventures, property insurance, floating charges on land
• enforcement against mixed real estate and personal property

John D. Morrison — McMillan LLP, Vancouver

Ways to Use PPSA

• various uses for PPSA security
• how the PPSA fits into various corners of law, i.e. shareholders and separation agreements, enhancnig lien rights, share pledges, escrow, consignments
• spotting hidden security interests

Martha Martindale — Osler, Hoskin & Harcourt LLP, Vancouver

Break

Transactions Fact Patterns 

• basic business financing by a primary lender
• an inventory financer either supplying goods on credit terms or financing the supply of goods
• equipment financing
• mixed real estate and personal property financing
• taking security in a portfolio of investment property of various types

Donald G. Bird — Borden Ladner Gervais LLP, Vancouver
Mark R. Davies — Richards Buell Sutton LLP, Vancouver
Jennifer D.S. Dezell — Dentons Canada LLP, Vancouver
Martha Martindale — Osler, Hoskin & Harcourt LLP, Vancouver
John D. Morrison — McMillan LLP, Vancouver

Closing Questions and Remarks