Kiwis With Similar Rules
Waller v New Zealand Bloodstock Limited  NZCA 254;  3 NZLR 629. In that case the owners of a $2 million racehorse leased it to a stud. Thillions – the stud’s financier repossessed the stud (and with it, the horse). The horse’s owners had not registered their security interest in their horse under New Zealand’s equivalent of the Australian legislation. They lost their $2 million chaff-burner to the liquidator as a result.