• Mortgage Fraud: Dangers Inherent in “All Monies” Clause

    mortgage fraud

    Mortgage Fraud. Lenders again warned of the dangers inherent in seeking to rely on an “all monies” clause contained in a mortgage.

    In the matter of Perpetual Trustees Victoria v English & Anor [2010] NSWCA 32, the Supreme Court of New South Wales was once again required to consider the enforceability of a registered mortgage that had been fraudulently executed by a co-owner.

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  • Service of Statutory Demands at Registered Office Invalid.

    statutory demands

    Service of Statutory Demands on a company at its registered office held invalid.

    Recent Federal Court decisions highlight the dangers in serving creditors statutory demands on the registered office of corporate debtors.

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  • Guarantor Liable for Costs Incurred by Lender

    guarantor liable

    Guarantor liable for costs incurred by lender after full discharge of facility.

    In the matter of Balanced Securities Limited v David Thomas [2010] QDC 337, Elliott May was successful in obtaining judgment for its lender client against a guarantor for the costs incurred in defending proceedings brought by a borrower after the loan had been repaid in full.

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