Meetings and Events


Meetings and events

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LAWorld News

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 

Business News

As Fed approaches rate hike, job growth shifts away from oil patch
Tue, 28 Jul 2015 09:05:55 GMT
TULSA, Oklahoma (Reuters) - The rebound in U.S. jobs, limited in the early part of the recovery to a...
BP profits slump after huge oil spill charge
Tue, 28 Jul 2015 09:00:47 GMT
LONDON (Reuters) - BP's second-quarter profit slumped by nearly two thirds from a year ago as it gra...
VW overtakes Toyota as world's biggest carmaker
Tue, 28 Jul 2015 08:54:24 GMT
MUNICH/TOKYO (Reuters) - Volkswagen overtook Toyota as the world's largest carmaker by sales in the ...
Stocks rebound, shrugging off volatile and weak China
Tue, 28 Jul 2015 08:21:44 GMT
LONDON (Reuters) - Stocks rose on Tuesday, with Europe snapping a five-day losing streak as investor...

Upcoming Events

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

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