The Supreme Court of New South Wales has recently handed down its decision in proceedings (“Arrium Proceedings”) brought by a number of lenders against former officers and employees of Arrium Limited and its subsidiaries...more
10/15/2021
/ Australia ,
Borrowers ,
CFOs ,
Duty of Care ,
Financial Institutions ,
Insolvency ,
Lenders ,
Loss Causation ,
Material Adverse Change Clauses (MACs) ,
Material Adverse Effects ,
Negligence ,
Secondary Markets ,
Supreme Court of New South Wales
The Australian Government has introduced new laws which are intended to avoid unnecessary corporate insolvencies in light of the challenges presented by the unfolding COVID-19 global pandemic....more
In July 2017, we wrote about the case of Hamersley Iron Pty Ltd v Forge Group Power Pty Ltd (in liquidation) (receivers and managers appointed), in which the Western Australian Supreme Court held that rights of set off...more