La caducidad del cargo de administrador se produce ope legis, sin necesidad de que acceda al Registro Mercantil ningún documento que lo constate. En estos casos, a diferencia del cese o la separación, el inicio del plazo de prescripción de la acción de responsabilidad contra el administrador comienza desde el momento en que deba considerarse caducado el cargo.

The PPSA (Personal Property Securities Act) will celebrate its first birthday on 30 January 2013.

The PPSA introduced fundamental changes for business structuring arrangements. Assets that are subject to non-arms’ length lease or hire arrangements can be at risk if the entity that has possession of the property under the lease or hire agreement is placed in liquidation or receivership.

What is a PPS lease?

A ‘PPS lease’ is the lease or hire of property for a period (including options):