Sons of Gwalia: Defrauded Shareholders' Claims in Insolvency

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The recentAustralianHighCourtdecisioninSonsofGwaliavMargareticabolishedtherule that defrauded shareholders claims shouldbe subordinated to the claims of generalcreditors in insolvency.This paper examines the decision, discusses its potentialimplications andexploreswhether it shouldbe overruledthrough legislative amendment.Copyright#2008 JohnWiley & Sons, Ltd.
Original languageEnglish
Pages (from-to)1-12
JournalInternational Insovency Review
Issue number1
Publication statusPublished - 2008


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