Category Archives: Insolvency law

Opes investors fail at first hurdle

May 3, 2008 – 11:40 am

I know that some people have lost a lot of money through the collapse of Opes Prime, so it seems a bit ghoulish to be fascinated by it - but there you have it, I can’t help myself - I’m fascinated. There are so many interesting equitable and property law questions raised by it (tracing, [...]

By Legal Eagle | Also posted in Economics, Equity, Law | Comments (11)

O.J.’s ill gotten-gains

June 18, 2007 – 11:10 pm

I’ve posted before about O.J. Simpson’s book, If I Did It, and the resulting furore. In fact, in my previous post, I even mentioned Attorney-General v Blake, the case where a double agent was forced to disgorge the profits he made by publishing a book about his exploits.
So I was fascinated to read that Ron [...]

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Buying shares in a "lemon"

February 6, 2007 – 1:51 pm

A recent High Court decision Sons of Gwalia Ltd v Margaretic [2007] HCA 1 has established by a majority that shareholders rank equally with other unsecured creditors in a voluntary administration.
At first blush, the decision has an immediate appeal. On 18 April 2004, Magaretic purchased 20,000 shares in Sons of [...]

By Legal Eagle | Comments (6)