March 29, 2010 – 12:03 pm
A bantamweight boxer is about to be pitted against the heavyweight Macquarie Group.
In a David-and-Goliath battle, a former Macquarie proprietary trader, Maghnus Byrne, is suing the big doughnut for $750,000 in damages he reckons he suffered when the bank withheld his profit-share bonus after his contract was ”terminated”.
The case in the NSW Supreme Court threatens [...]
January 5, 2005 – 10:00 am
The recent decision of the Supreme Court in Tayeh; Re Black Stump Enterprises Ltd [2005] NSWSC 475, affirmed on appeal Re Black Stump Enterprises Ltd [2005] NSWCA 480, has once again highlighted the very real need for legislative reform to permit liquidators in appropriate cases to pool the assets of insolvent group companies.
The plaintiffs were [...]
September 1, 2002 – 11:35 pm
The law surrounding shadow directorship and the operation of the professional adviser exemption remains in a state of flux. In the recent case of Hill v David Hill Electrical Discounts Pty Ltd (2001) 37 ACSR 617, the Supreme Court, Equity Division, speculated that an administrator of a deed of company arrangement might be a shadow [...]