Caution to Lenders: Real Property Mortgage Successfully Challenged as Unreasonable Director Related Transaction
Real property mortgages, whether freehold mortgages or leasehold mortgages, are a ubiquitous feature of a real property financing deal. However, like any other transaction, they are subject to claw-back risk in a liquidation scenario, where a liquidator may challenge the validity of previous transactions. In Cooper as Liquidator of Runtong Investment and Development Pty Ltd […]