Recent Cases

August 12, 2017
Published in Recent Cases

The facts of this case are so fantastic as to strain credulity but they are true. In October 2007 Dr Wallman was a recently divorced, middle-aged obstetrician and gynaecologist with adult children. He approached an introduction agency on the Gold Coast known as Hearts United (the third defendant) seeking love and companionship. On 4 November 2007 he signed an agreement with Hearts United the terms of which seem somewhat one-sided. For a consideration of $200,000 Hearts United promised to provide Dr Wallman, during a three year period, with a personal relationship consultant who would provide him with introductions. The only other services promised were "photo-viewing services" and an "escape package" to the Gold Coast.

August 12, 2017
Published in Recent Cases

CORPORATIONS – oppression – majority ordered to purchase shares – value of shares – date of valuation – valuation methodology – fairness – business value – share value – future maintainable earnings – non-business liabilities – arm’s length price a third party purchaser would pay for shares – value of net tangible assets as cross-check.

August 12, 2017
Published in Recent Cases

 CONTRACT – short-term loan with high interest rate – higher interest rate payable on default – loan in default – whether interest rate a penalty – whether requirement of loan contract interest rate unconscionable conduct – remedy – Trade Practices Act 1974, ss. 51AB, 51AC and 87. -

August 12, 2017
Published in Recent Cases

 

 

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