Yearly Archives: 2019

PPSA – the transition period ends soon!

Introduction Earlier this year, we issued a legal alert on the Personal Property Securities Act 2017 (PPSA) available at Under the PPSA, 180 days was provided to secured parties to register “prior transactions” on the Personal Properties Securities Registry (PPSR). Prior transactions mean those concluded before 31 May 2019 (the date that the Act… Read more »

Companies and business name owners – re-registration is coming

Introduction 1. Most companies and business name owners will soon be required to re-register at the Companies Office[1]. Official sources expect this measure to be announced in the fourth quarter of this year. Companies and businesses which do not re-register will apparently be de-registered altogether. 2. These requirements, part of the Companies (Budget Amendment) Act… Read more »

The PPSA is here

Introduction A new law comes into effect on 31 May 2019 that will affect nearly everybody who lends borrows leases vehicles and equipment supplies goods on credit. The Personal Property Securities Act 2017 (PPSA) was passed by Parliament two years ago. In a Gazette dated 30 April, Government announced that it would become effective on… Read more »

The Companies Act 2015 – Solvency Resolution Reminder

Introduction The Companies Act 2015 requires directors of companies to pass an annual solvency resolution[1]. A solvency resolution is defined in the Act[2] as a resolution by the directors of the company as to whether or not, in their opinion, there are reasonable grounds to believe the company will be able to pay its debts… Read more »