• 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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