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Perhaps the biggest impact of the Personal Property Securities Act (“PPSA”) on New Zealand businesses is that the concept of title has changed. It is no longer safe to assume that just because some goods are yours and haven’t yet been paid for by a customer that they will automatically be returned to you in...Read More

The PPSA (or Personal Property Securities Act) was introduced into New Zealand in 2002 as the most wide-ranging and fundamental change to securities law perhaps ever undertaken. Given that most businesses rely on some form of security as a financial risk mitigation, whether that be through guarantees, fixed charges or retentions of title, you would...Read More

I was having a discussion with a good friend of mine the other week about carpets. The fact that I managed to turn this into a conversation around credit may indicate that I need to get out more, but the story my friend related to me about an acquaintance of his actually got me thinking...Read More

Living in New Zealand means living with earthquakes. Impossible to predict, sudden in appearance and when a large one occurs devastation usually follows. If there is a positive note to an earthquake it is that the pressure that has been building in the fault is released generally giving a period of respite, albeit with aftershocks,...Read More

Wouldn't it be great if you could just enter some simple financial data into a mathematical formula and the answer told us whether or not a company was heading for insolvency? Well that question has been considered by financial academics and practitioners for over 50 years and the outcome is that there is such a...Read More

For a lot of businesses the sale is complete once the order is fulfilled. It seems a bit of a cliché to say that a sale is not completed until the money has been paid but it is nonetheless true, and this is still an area where most businesses could do better - far too...Read More

With the launch in 2017 of Dun & Bradstreet's Credit Simple product, personal credit scores have become a bit more mainstream. Indeed there will be now be a fair number of people in NZ who have at least viewed their credit score at some point even if they can't quite remember what it was. But...Read More

Most businesses trade with their customers as an unsecured trade creditor. And on a day to day basis there is nothing wrong with that - until your customer enters insolvency...and then it can matter a great deal. Before we get on to the options about strengthening your unsecured status, let's take a look at why...Read More