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Featherweight security interest: protecting interests in insolvency

In light of the introduction of the Personal Property Securities Register (PPSR) and the unpredictable economic climate, there has been increasing interest in mechanisms to protect security interests, particularly in the event of insolvency. A featherweight charge or, more correctly, a featherweight security interest (FSI) is an effective mechanism to protect the interests of a creditor in circumstances where they may not otherwise have been afforded priority in an administration. read more >