Abstract
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 language | English |
|---|---|
| Pages (from-to) | 1-12 |
| Journal | International Insovency Review |
| Volume | 17 |
| Issue number | 1 |
| Publication status | Published - 2008 |
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