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Sons of Gwalia: defrauded shareholders' claims in insolvency

✍ Scribed by Rasiah Gengatharen

Book ID
102270205
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
127 KB
Volume
17
Category
Article
ISSN
1180-0518

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

The recent Australian High Court decision in Sons of Gwalia v Margaretic abolished the rule that defrauded shareholders claims should be subordinated to the claims of general creditors in insolvency. This paper examines the decision, discusses its potential implications and explores whether it should be overruled through legislative amendment. Copyright Β© 2008 John Wiley & Sons, Ltd.

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