In an echo of the global financial crisis, valuers and auditors risk damages litigation if they sign off on artificially high commercial property valuations.
An English common law obligation on banks to exercise care and skill when transferring a customer’s funds may apply in Australian courts as a way for the victims of fraud to recover their money.
A recent judgment handed down by the High Court has confirmed that a set-off cannot be used by a creditor as a defence to a liquidator’s preference recovery claim. A partner acting on the case, an