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- Ontario Court of Appeal grants priority to senior secured lender in equipment lease dispute
Ontario Court of Appeal grants priority to senior secured lender in equipment lease dispute
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/2988780a-ac3c-4416-aeea-bb5d82b16101/vadim-shuyskiy-Vz3HZLrkPBE-unsplash.jpg?t=1709918920)
Roger Jaipargas, Charlotte Chien and Kaliopi Dimitrakoudis summarize an Ontario Court of Appeal decision which addresses the long-standing scarcity of Ontario PPSA case law on leases for a term of more than one year, and acts as a stark reminder for lessors that the failure to secure a PMSI can lead to a subordinate position.