A PHP Error was encountered

Severity: Warning

Message: Invalid argument supplied for foreach()

Filename: laworld-theme/content.php

Line Number: 8

A PHP Error was encountered

Severity: Warning

Message: Invalid argument supplied for foreach()

Filename: laworld-theme/content.php

Line Number: 55

Is this the end of unfair preferences in Australia? Significant win for an Australian business

For the first time in Australia, the District Court of Queensland has squarely held that such a defence is available to unfair preference claim defendants.  In the recent decision of Morton v Rexel Electrical Supplies Pty Limited (Morton), Sydney law firm Polczynski Lawyers succeeded in establishing a new defence to unfair preference claims that, if accepted by other courts, has the potential to significantly reduce the scope for such claims.

Polczynski Lawyers satisfied the Australian court that a defendant to an unfair preference claim should be allowed to "set off" the preference claim against them against the balance of the debt owed to them by the debtor.  So, if still owed a debt of $100,000 and faced with an unfair preference claim of $100,000, the defendant may say that one claim cancels out the other, leaving no net debt at all.

For more information please contact Stephen Polczynski, Polczynski Lawyers on SPolczynski@plawyers.com.au 

BMW says worsening Chinese market could hit forecast
Tue, 04 Aug 2015 13:28:15 GMT
FRANKFURT (Reuters) - BMW , the world's biggest luxury carmaker, warned on Tuesday that its financia...
Toyota says not optimistic on China profitability
Tue, 04 Aug 2015 13:27:19 GMT
TOKYO (Reuters) - Toyota Motor Corp said it "can't be optimistic" about profitability in China, the ...
TeamHealth to buy IPC Healthcare in $1.6 billion deal
Tue, 04 Aug 2015 13:24:46 GMT
(Reuters) - TeamHealth Holdings Inc , which supplies doctors to U.S. hospitals, said it would buy IP...
Kellogg sales beat estimates as it sells more in Latam
Tue, 04 Aug 2015 13:12:50 GMT
(Reuters) - Corn Flakes and Rice Krispies maker Kellogg Co reported better-than-expected quarterly n...

LAWorld Annual Conference (Cape Town) from 5pm on Tuesday the 5th of April, 2016 to 2pm on Friday the 8th of April, 2016

Europe/Middle East Regional Meeting and Lawyers Next Generation (Bratislava) from 5pm on Friday the 5th of February, 2016 to 5pm on Saturday the 6th of February, 2016

North and South America Regional Meeting (Miami) from 6pm on Wednesday the 11th of November, 2015 to 2pm on Friday the 13th of November, 2015

Europe/Middle East Regional Meeting and Lawyers Next Generation (Milan) from 5pm on Friday the 18th of September, 2015 to 5pm on Saturday the 19th of September, 2015

See All Events
 
LAWorld
Email: mail@laworld.com
© LAWorld. Website Developed by Redstudio Design Limited

A PHP Error was encountered

Severity: Warning

Message: Invalid argument supplied for foreach()

Filename: controllers/welcome.php

Line Number: 29

A PHP Error was encountered

Severity: Notice

Message: Undefined index: category

Filename: controllers/welcome.php

Line Number: 47

A PHP Error was encountered

Severity: Notice

Message: Undefined index: content_id

Filename: controllers/welcome.php

Line Number: 54

A PHP Error was encountered

Severity: Notice

Message: Undefined property: Welcome::$assignedGallery

Filename: controllers/welcome.php

Line Number: 126

LAWorld News

Business News

Upcoming Events