Sons of Gwalia: defrauded shareholders'
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Rasiah Gengatharen
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Article
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2008
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John Wiley and Sons
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English
β 127 KB
## 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