Topics: Banking and financial services

Topics discussed: Market value of repossessed commercial vehicle and steps taken to sell vehicle & Increasing a credit card limit where the funds were used for gambling ...

Market-based causation – the Myer class action

The Myer case is a landmark case for two reasons. First, it is the first Australian securities class action to proceed to judgement. Second, the Federal Court of Australia has accepted ‘market-based causation’, which has long been debated in Australia.

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Bank guarantees: strict compliance required when making a demand

Bank guarantees are frequently given as security in commercial transactions because they are widely regarded as being ‘like cash’. However, the Queensland Court of Appeal’s recent decision in Santos Limited v BNP Paribas confirms that compliance with the terms of a bank guarantee is an essential precondition to payment on

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