An Overview of the Security Interest in Movable Property Act
Introduction The Security Interest in Movable Property Act, 2019 (“SIMPA”) came into force on 31st May 2019 and repealed the Chattels Securities Act 2014. The SIMPA and the regulations made thereunder did (inter-alia) establish a new system for the registration of security over movable assets which was operationalized in October 2019. Below is an overview […]