The Commercial Bar Association of Victoria Inc. A0120851O
The issue of whether an interest rate clause in a loan agreement which contained the familiar structure where the high rate applies if the loan is in default otherwise the lower rate applies was a penalty was considered by Her Honour Justice Henry in Commercial N Pty Limited v Huang & Ors [2024] NSWSC 23.
Sharpe & Ors v PSAL Ltd [2012] QCA 371 Facts The first appellant was an experienced investor and sole director of the second appellant. On 29 October 2009 the second appellant purchased a rural...
Bank of Western Australia Ltd v Abdul [2012] VSC 222 – Justice Croft The Bank of Western Australia Ltd (Bankwest) sought to enforce a loan with the defendants Naseem Abdul (the first defendant) and...