FLOUR MILL DEAL DUSTED

FLOUR MILL DEAL DUSTED

The issues of (1) properly disclosed site contamination and (2) a subsequent value fall 30% below the purchase price, were pivotal in the high-profile dispute over an iconic Brisbane development site sale.  Queensland’s Court of Appeal confirmed the initial...
MARKET VALUE -v- FORCED SALE

MARKET VALUE -v- FORCED SALE

A high profile Sydney court battle highlights the inherent conflict between the industry adopted meaning of “Market Value” and a Mortgagee’s duty under Section 420A of the Corporations Act when undertaking a “Forced Sale”. The Act requires in exercising a power of...