At the end of November 2016, in a good news story for lenders,
we reported on a victory in the NSW Court of Appeal where the court
held the application of a 2% default interest margin under a loan
contract was not a penalty.
A full copy of our article on that decision can be accessed
Subsequent to the above article, the unsuccessful customer
applied for special leave to the High Court to appeal the NSW Court
of Appeal decision (and press for a determination that the default
interest rate was a penalty).
If further positive news, the High Court has refused the special
leave application, upholding the judgment of the NSW Court of
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Join us as Dentons Rodyk's Litigation Senior Partner Lawrence Teh and Omni Bridgeway's General Counsel Asia Ingrid Coinquet discuss the impetus leading to the new framework, its key features and potential impacts in the near future.
In a move to strengthen our position as a key arbitration seat in the world, Singapore has recently introduced a new legislative framework regulating third party funding of international commercial arbitration and related proceedings. This marks a significant milestone in the development of the country’s dispute resolution regime and puts Singapore on par with other leading arbitration centres.
Please join Dentons for an informative seminar examining the current landscape for cross-border M&A. We will hold two panel discussions, followed by a networking reception, in our New York office on April 4 from 3 to 6:30 p.m. Both sessions will offer limited seating, in order to facilitate group participation and dialogue.
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This case was a useful summary of when the courts are likely to grant leave to proceed against a company in liquidation.
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