Vanuatu PPSA By George Andrews, Commissioner, Vanuatu Financial Services Commission, Business Forum 12 June 2008. Facilitating credit secured by movable property. Overview. Current Situation Benefits Collateral History Key Policies Examples Enforcement Implementation New Initiatives.
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Facilitating credit secured by movable property
In the Pacific . . .
(Exception: Kalo may not recover from John if Tom is a dealer of cars)
Example 2: Secured creditor vs Secured Creditor
Date: June 1, 2008
John JonesABC Finance
123 A Street123 B Street
Port Vila VUPort Vila VU
Shop inventory and receivables, presently owned or acquired in the future