Preface to the third edition

• Author: Ronald C.C. Cuming/Catherine Walsh/Roderick J. Wood
• Profession: University of Saskatchewan, College of Law/McGill University, Faculty of Law/University of Alberta, Faculty of Law
• Pages: 27-32

xxvii

PR EFACE

to the Third Edition

When the first edition of this b ook was published in 2005, all the com-

mon law provinces and terr itories had enacted a Personal Property Sec-

urity Act (PPSA). Our goal was to produce a comprehensive treatise on

secured financing u nder the Act. Other publications in the field, includ-

ing our own, had tended to focus on the PPSA of a part icular province,

often adopting an annotative or section-by-section commentar y struc-

ture. Although these approaches are valuable, we thought that a com-

prehensive treatise would convey more eectively the interrelationship

among the various part s of the Act as well as the es sentially unitary

character of secured financing law in all PPSA jurisdictions. While we

oer detailed analysis of the substantive dierences among the various

Acts, our initial in stinct that a comprehensive presentation was feasible

for most issues has worked out remarkably well in the w riting of the

first and successive editions of t he book. One of our objectives in adopt-

ing this approach was to contribute to the continued harmonization

of the law in this area by encouraging a vision of PPSA law, including

judicial precedent, as presumptively borderless.

The second edition of this book was published in 2012. That edition

considered several importa nt legislative changes. Amendments to the

Ontario PPSA that ca me into force in 2007 and 2010 brought it more in

line with the Acts i n the other PPSA jurisdictions, but also left it with sui

gener is feature s. The enactment of the Securities Transfer Act (STA) and

complementary PPSA amendments (and their Quebec equivalents) by

all jurisdict ions (except Prince Edward Island and Yukon) necessitated