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Sons of Gwalia: defrauded shareholders' claims in insolvency
Authors:Rasiah Gengatharen
Institution:Senior Lecturer in Law, University of Western Australia, Australia
Abstract:The recent Australian High Court decision in Sons of Gwalia v Margaretic abolished the rule that defrauded shareholders claims should be subordinated to the claims of general creditors in insolvency. This paper examines the decision, discusses its potential implications and explores whether it should be overruled through legislative amendment. Copyright © 2008 John Wiley & Sons, Ltd.
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