Court voids “utterly crushing” 417% p.a. interest; 70% p.a. ok March 17, 2024 | 560 views A private lender’s interest rate of 417% has been ruled to be “utterly crushing” but a court has app Read Story
Asset lending can be unjust; compound interest unconscionable September 20, 2023 | 977 views “Asset loans” – at very high interest rates – are particularly attractive to financially distr Read Story
Court declares 95% of lender’s fees unenforceable, penalty charges July 26, 2023 | 958 views In June 2022 Steve Saad borrowed $60,000 – including loan establishment fees and legals – from a p Read Story
Obnoxious tenant defeats lessor’s $1m lease incentives clawback March 26, 2023 | 1122 views Lease incentives – even of the most complex variety – are usually applied over the course of a comme Read Story
Luxury buyer defeats “extravagant & unconscionable” loan default penalty October 18, 2022 | 851 views A property investor buying into Sydney’s prestigious Point Piper has successfully challenged the p Read Story
Court orders changes to terms in BOQ’s unfair small business loans September 10, 2021 | 1066 views Bank of Queensland has fallen on its sword in an act of remorse over unfair loan and guarantee terms Read Story
GP alleges Palm Beach practice buyer misleading & deceptive, walks out on contract August 28, 2015 | 1535 views A GP who walked out on his employment contract with the medical centre that bought out his former pr Read Story
A ‘penalty’ maybe but developer pockets $564k interest from no-show Hilton buyer August 22, 2015 | 1231 views As talk of a pending property crash ripples through a buoyant market, horror stories are still unf Read Story