Farm Supply companies such as RD 1, PG Wrightson and Farmlands will often register a financing statement (eg a charge) under your name at the Personal Property Securities Register when you open an account with them. A financing statement contains information about the security interest. Registration of the financing will in general determine the priority of creditors if you become insolvent. Those creditors who have registered their financing statements rank ahead of those who haven’t regi
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A recent decision from the UK High Court involving trusts set up by a Russian Oligarch, Mr Pugachev who fell out with Mr Putin, is raising alarm bells with Trust law practitioners.
No-one who viewed coverage of the widely staring eyes of Antonie Dixon in court, following his rampage with a samurai sword while high on methamphetamine, is likely to forget it. Yet 14 years on, the issue of methamphetamine – or “P” – is more prevalent in our society today than ever before.
Problematic “P” trends have broadened to include unsuspected contamination in homes, whether by a tenant or former owner. It is becoming increasingly common to have residential sale and purchase agreements subject to a “P” residue test, or for this to be part of general due diligence. This has been particularly prevalent in the case of residential rental properties.
The baby boom generation is now without question hurtling towards old age. Not only is significant wealth tied up in this age group, but there are significant potential risks in accessing that wealth, especially if it is in Trusts and in cases where key parties (eg Trustees/Settlors/Appointors) suffer from diminished capacity.
The Contract and Commercial Law Act 2017, passed on 2 March 2017, comes into force on 1 September 2017. This new legislation is not intended to substantially alter the law. Rather it is part of the government’s judicial modernisation process. The new Act repeals many of the statutes that are regularly quoted or cited in documents. The Acts being repealed are: