Sons of Gwalia: defrauded shareholders' claims in insolvency

Sons of Gwalia: defrauded shareholders' claims in insolvency

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 shoul...

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Veröffentlicht in:International insolvency review 2008-03, Vol.17 (1), p.1-12
1. Verfasser: Gengatharen, Rasiah
Format: Artikel
Sprache:eng
Schlagworte:
Court decisions
Insolvency
Stockholders
Studies
Supreme Court decisions
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Beschreibung
Zusammenfassung: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 © 2008 John Wiley & Sons, Ltd.
ISSN:1180-0518
1099-1107
DOI:10.1002/iir.153