Abstract

Law reforms typically epitomise the need to effect positive change. The reform of personal property security laws which has attained increased prominence amongst common-law states in recent years is by no means different. However, there appear to be mixed views about the exact impact of these reforms including whether and to what extent they achieve their stated objectives. This article explores the connection between the reforms of personal property security law and the conceptual underpinnings of secured transactions in order to ascertain the extent to which such reforms actually reflect such underpinnings as a preliminary step in evaluating their impact on society.