Working with the PPSA 2017


Course Date: June 9, 2017

Total: 5h 30min

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