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Major PPSA decision in the WA Court of Appeal

Millions of dollars, set-off and application of the Personal Property Securities Act 2009 (Cth) (PPSA) were all at stake in the recent WA Court of Appeal decision Hamersley Iron Pty Ltd v Forge Group Power Pty Ltd (In Liquidation) (Receivers and Managers Appointed) [2018] WASCA 163. In addressing the issues, the Court provided important PPSA lessons and principles for creditors and insolvency practitioners.

 

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