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New Developments in Personal Property Security Law

June 17, 2013 @ 9:00 am - 12:30 pm

PPSA New Developments Registration Form


P.O. Box 1028, St. John’s, Newfoundland & Labrador, A1C 5M3

Tel: 722-4740, Fax: 722-8902, e-mail:



 New Developments in Personal Property Security Law

(A presentation by Professor Roderick Wood, Faculty of Law, University of  Alberta)


Monday, June 17, 2013 from 9:00 a.m. – 12:30 p.m.

3rd Floor, Law Society Building, 196-198 Water Street, St. John’s


Who Should Attend:   All members whose practice includes business law areas such as corporate law, commercial law, secured financing, bankruptcy/insolvency, securities law, banking law etc.


When:                                           Monday, June 17, 2013, from 9:00am – 12:30 pm; Registration begins 8:30am


Where:                             3rd Floor, Law Society Building, 196-198 Water Street, St. John’s.


Professor Roderick Wood of the Faculty of Law, University of Alberta, and co-author of Personal Property Security Law, Second Edition (Irwin Law: 2012), will highlight recent and significant developments in Personal Property Security Law in Canada, focusing on issues which are relevant and critical to practitioners who practice in this area.  There will also be a question and answer/discussion component included in the presentation, to address specific areas of interest or concern for members. This will be a valuable opportunity for members to obtain a comprehensive update on and survey of key developments, and to discuss practical issues with one of Canada’s leading experts in the area.

Topics to be addressed by Professor Wood in this seminar include:


  1. I.        Scope of the PPSA
  • Licenses
  • Flawed asset arrangements
  • Cape Town Convention(International Interests in Mobile Aircraft Equipment Act)


  1. II.      The Security Agreement
  • All obligation clauses
  • Subordination clauses
  • Charging clauses


  1. III.    Supplementing PPSA Priorities
  • Unjust Enrichment and Equity
  • Equitable Subrogation
  • Marshalling of Securities
  1. IV.   Competitions with Bank Act Security
  • The SCC decisions in Innovation and Radius
  • The 2012 Bank Act Amendments


  1. V.     The Effect of Bankruptcy on Priorities
  • The federal ranking of secured creditors
  • The statutory deemed trust for source deductions


  1. VI.   The Securities Transfer Act
  • The new concept of a security entitlement
  • Perfection by control

About the Presenter

Professor Roderick Wood teaches and publishes in the areas of commercial law, bankruptcy and insolvency law, and debtor-creditor law at the Faculty of Law, University of Alberta. Professor Wood has served as Associate Dean at the Faculty of Law, as Board Member of the Alberta Law Reform Institute, and as Commissioner of the Law Commission of Canada.

Professor Wood has co-authored books on secured transactions law in Canada and New Zealand, including the Canadian treatise Personal Property Security Law, Second Edition, published in October 2012. This second edition updates the area of personal property security law in Canada with new case law, including some important SCC cases clarifying the law or providing the conceptual basis for its further amplification, and covers significant changes to legislation which interfaces with the PPSA, such as the Securities Transfer Acts. He is also the author of Bankruptcy and Insolvency Law (Irwin Law; 2009), and has written over two dozen articles in various law journals.

Professor Wood is the 2004 recipient of the Tevie H Miller Teaching Excellence Award for the Faculty of Law, a 2005 recipient of the AC Rutherford Award for Excellence in Undergraduate Teaching at the University of Alberta, and a 2006 recipient of a McCalla Professorship for his contribution to research in law at the University of Alberta. He is also a Senior Fellow at the University of Melbourne Law Faculty.


Four ways to Register – Registration deadline is Friday, June 14, 2013

By Mail:                                                   By Fax or Telephone             By E-mail:              

NL Continuing Legal Education                                                                            (709) 722-8902  Fax                 

P.O. Box 1028, St. John’s, NL A1C 5M3     (709) 758-0817 Tel

Payment must precede attendance.   Cancellations cannot be accepted after June 14, 2013



Please register me for “New Developments in PPSA Law on Monday, June 17, 2013 9:00am – 12:30 p.m.





 Early Registration:           Register by June 11, 2013         $101.77 + 13.23 (HST) = $  115.00

Regular Registration:       Register after June 11, 2013      $132.75 + 17.25 (HST) = $  150.00


HST # R108086463                 Newfoundland and Labrador CLE  …  lifelong legal learning             



June 17, 2013
9:00 am - 12:30 pm
Event Category:


3rd Floor, Law Society Building
196-198 Water Street
St. John’s, Canada


Newfoundland & Labrador Continuing Legal Education