In the matter of Barclays Bank plc [2012] NSWSC 1095

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Barclays Bank plc [2012] NSWSC 1095 Hearing dates: 24 August 2012 Decision date: 24 August 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Order made pursuant to s 588FM of the Corporations Act 2001 (Cth) fixing 9 August 2012 as registration time for security interests granted to Plaintiff in specified collateral. Catchwords: CORPORATIONS - Vesting of 'PPSA security interests' - Corporations Act 2001 (Cth) s 588FM - Application for extension of time for registration - Collateral not registered within 20 day period due to error of solicitor. Legislation Cited: - Corporations Act 2001 (Cth) ss 266, 266(4), 588FL, 588FL(2), 588FM, 588FM(2), 588FM(3) - Personal Property Securities Act 2009 (Cth) - Personal Property Securities (Corporations and Other Amendments) Act 2010 (Cth) Cases Cited: - Bloodstock Air Services of Australia Pty Ltd (in liq) v Roadrunner Equipment Pty Ltd (1985) 10 ACLR 36 - Dempsey Resources Pty Ltd v Continental Coal Ltd [2009] FCA 1157 - Metcash Trading Ltd v 8 Nai Investments Pty Ltd [2011] FCA 1400 - National Australia Bank Ltd v Davis & Waddell (Vic) Pty Ltd (2003) 44 ACSR 296 - Perpetual Trustee Company Limited [2010] FCA 357 - Re Investa Properties Ltd [2001] NSWSC 1089; (2001) 40 ACSR 124 Re Perpetual Trustee Co Ltd [2010] FCA 357 Category: Principal judgment Parties: Barclays Bank plc (Plaintiff) Representation: Counsel: J.A.C. Potts (Plaintiff) Solicitor: Minter Ellison (Plaintiff) File Number(s): 12/264981