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- Title
PURCHASE MONEY SECURITY INTEREST REFINANCING IN NEW ZEALAND: A CASE FOR RETENTION OF SUPER-PRIORITY.
- Authors
Tracey, Arielle
- Abstract
This article concerns the issue of purchase money security interest (PMSI) refinancing. Under current law, PMSI super-priority is lost on refinance regardless of whether the refinancier is the original PMSI holder or a third party financier. This article contends that such a position is uncommercial and frustrates the undergirding objective of the law of debt security to facilitate the provision of credit to business. This position is supported by theory, international treatment of the issue and policy.
- Subjects
NEW Zealand; REFINANCING; PURCHASE money security interests; COLLATERAL security; COMMERCIAL credit; LAW
- Publication
Victoria University of Wellington Law Review, 2020, Vol 51, Issue 1, p103
- ISSN
1171-042X
- Publication type
Article
- DOI
10.26686/vuwlr.v51i1.6520