Your clients are relying on you to protect their security interests.
Ontario’s Personal Property Security Act (PPSA) is a highly technical piece of legislation, demanding a solid grasp of its rules and requirements. Failure to comply can have serious and costly consequences for your clients. This essential PPSA event is designed to help you get up to speed in one day.
Focused on the practical, OsgoodePD’s PPSA skills program is designed to give you a thorough understanding of what you need to know to properly navigate the complexities of the PPSA to protect your client’s security interests and maximize benefits. Highly experienced practitioners will take you through the PPSA and common pitfalls, using practical examples and “hands-on” exercises to help you succeed when navigating this complex legislation.
What You’ll Learn
Overview of the PPSA – the “what”, “when” and “how” of attachment
Principal elements of financing statements, acknowledgements and searches
Differences in PPSA legislation in the common law provinces
How to examine a PPSA response certificate
Exceptions to the “first come, first served” priority rules
Real property issues and the PPSA
Fundamental registration issues and relevant case law
Key elements of the Securities Transfer Act, 2006, and taking security in investment property
Basic opinion elements – enforceability, creation of a valid security interest perfection, and more
Plus! Reinforce your PPSA skills in the live Workshop (optional)where you’ll apply key provisions in thought-provoking client scenarios
Laina Smith
Infrastructure Ontario
“Great program! Would highly recommend it! The materials [were] critical to have. Thanks for the educational day.”
Who Should Attend
Lawyers whose practice includes:
financial services and banking
bankruptcy and insolvency
corporate/commercial
real estate law
In-house counsel, executives and professionals involved with companies engaged in transactions or secured lending
Law clerks and paralegals who prepare PPSA filings, conduct PPSA searches and examine PPSA response certificates
Professionals who engage with the PPSA, secured lending or assets involving security
Communicating with the client – what is required?
What is meant by “security interest” and how is it created?
The “what”, “when” and “how” of attachment
“Perfection” of a security interest and why it is important
Liliana Carpico Norton Rose Fulbright Canada LLP
Nicole Segouin Norton Rose Fulbright Canada LLP
Learn what steps to take and what content to include when preparing financing statements, as you participate in the actual drafting of a sample document:
Debtor/secured party names and addresses and registration period
Financing statements and financing change statements
Collateral classification and description
Timing of registrations
Mandatory and optional amendments
Obligations regarding client confidentiality
Ethical obligations relating to PPSA filings and registration
Differences in other common‑law provinces
10:45 a.m. Break
Liliana Carpico Norton Rose Fulbright Canada LLP
Nicole Segouin Norton Rose Fulbright Canada LLP
How to examine a PPSA response certificate
Things to consider when reviewing PPSA search results
Dealing with potentially competing prior registrations
Meaghan Obee Tower Stikeman Elliott LLP
Utilizing small work groups, these case studies will include a number of PPSA and related issues that will then be discussed in an interactive forum. You will learn to:
Identify the key information required for PPSA registrations from fact scenarios
Identify other issues that may arise from fact scenarios which are technically outside of the PPSA
Understand your professional and ethical obligations
12:30 p.m. Lunch Break
Dan Dedic Goodmans LLP
Basic opinion elements: enforceability, creation of a valid security interest perfection and other elements
This presentation will highlight key concepts of the Securities Transfer Act, 2006 and its impact on taking security interest over personal property, including:
The “direct” and “indirect” holding systems
Introduction to the terms “investment property” and “control”
Certificated and uncertificated securities
Perfection, priority and conflict of laws rules
3:15 p.m.
Break
Ben Leith Cassels Brock & Blackwell LLP
Recent developments in the comparative priority of distress
Real property law perspective on fixture financing
Practice management and competency issues relating to real property transactions and the PPSA
Understanding the applicable legislation
Identifying the risks and keeping the client informed
Daniel Cipollone Cassels Brock & Blackwell LLP
Before “first come, first served” priority rules can apply, one must ensure that the interest is not captured by one of the many exceptions set out in the PPSA, including:
“Is financial assistance or funding available?”
As law evolves, we know how important it is to stay up to date. We also understand the financial implications of continuously upgrading your professional skills and knowledge. For more information on available options, including Job Grants, OSAP, please visit:
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CPD and Accreditation
OsgoodePD is an accredited provider with the LSO, the Law Society of BC and NY CLE Board. Select your location to view the eligible hours you may claim.
Stay competitive with deep dives into the most critical issues in law. Taught by leading experts and designed for flexible learning, choose from multi-day programs or take courses at your own pace to build towards a certificate.
All online; combination of live and asynchronous learning.
Newly licensed regulated professionals within the past 2 years receive 50% off the regular program fee.
Jan 25, 2024
In-Person
Learn with peers in a classroom setting.
Blended (Online)
All online; combination of live and asynchronous learning.
Module 1 Only
Register for Module 1 Only
Newly licensed regulated professionals within the past 2 years receive 50% off the regular program fee.
May 9, 2024
Online (Replay)
A scheduled replay of a past program, with the ability to ask questions.
Module 1 Only
Register for Module 1 Only
Newly licensed regulated professionals within the past 2 years receive 50% off the regular program fee.
Single Course Enrollment
Do you have an LLB/JD? Consider taking a single LLM course for deeper learning in a specific area of practice – all credits will apply towards a Professional LLM.
Frequently Asked Questions
Only registered and paid viewers have unlimited access to program content during the subscription period. In the event of misuse, OsgoodePD reserves the right – without notice – to cancel and/or limit access to portal content. No refund will be available. Please refer to our terms of use.
Many of our programs include 120-day unlimited, online access to view the recorded program. See the program page or brochure to find out if the program you’re interested in includes this access. If you need more time to view the content, or have questions about the access, please email: OPDSupport@osgoode.yorku.ca.
If the program includes access to the recording, you will have unlimited online access to the recorded content for 120-days from the end date of the program.
Access is only for the registered delegate. In the event of misuse, access can be revoked.
CPD hours for each program can be found on the program web page and program brochure. For questions regarding CPD hours, please email cpd@osgoode.yorku.ca
A limited amount of financial assistance is available for OsgoodePD Programs unless specific bursary information appears on the program page/program brochure. Head to our Financial Assistance page for more information.
Please reach out to the OPD Technical Support here.
Yes. We do offer group rates on our programs. Please visit our group rate page for more information. Some exceptions apply, and rates are subject to change.
Currently, viewing requires an active internet or WiFi connection. You can, however, download the program materials to read offline.
Yes. This platform has been designed to work with all systems and mobile devices. Please visit our Online Technical Requirements Page to test your system. If you are still having problems, please contact OsgoodePD Technical Support at opdsupport@osgoode.yorku.ca OR call 416. 736.5737.
OsgoodePD programs can be counted towards professional development requirements with regulatory bodies across Canada and the US. OsgoodePD is an accredited provider of professionalism content with the LSO. OsgoodePD is an accredited provider with the Law Society of British Columbia. Please email cpd@osgoode.yorku.ca or refer to your regulatory body to ensure compliance – online program viewing varies by jurisdiction.
Client and Technical Support
Have questions? Get advice in person, by email or over the phone.
