- Laws of Fiji

Last Updated: 1 August 2020

[PPS 88] Secured party rights upon default88

(1) If the debtor defaults on its obligation to pay or otherwise perform, or upon the occurrence of another event of default, the security interest becomes enforceable.

(2) Upon default, the secured party must have—

(a)the rights and remedies set forth in the security agreement;
(b)the right to possession or control of the collateral, even if the security agreement is silent about possession or control;
(c)the right to dispose of the collateral;
(d)other rights or remedies provided in this Act; and
(e)notwithstanding anything to the contrary in this Act, the rights or remedies provided in any other written law.