A private lender’s interest rate of 417% has been ruled to be “utterly crushing” but a court has appro...
Asset lending can be unjust; compound interest unconscionable
“Asset loans” – at very high interest rates – are particularly attractive to financially distressed borrowers who ...
Court declares 95% of lender’s fees unenforceable, penalty charges
In June 2022 Steve Saad borrowed $60,000 – including loan establishment fees and legals – from a private lender an...
Obnoxious tenant defeats lessor’s $1m lease incentives clawback
Lease incentives – even of the most complex variety – are usually applied over the course of a commercial le...
Luxury buyer defeats “extravagant & unconscionable” loan default penalty
A property investor buying into Sydney’s prestigious Point Piper has successfully challenged the propriety of a lender’s...
Court orders changes to terms in BOQ’s unfair small business loans
Bank of Queensland has fallen on its sword in an act of remorse over unfair loan and guarantee terms in the financial pr...
GP alleges Palm Beach practice buyer misleading & deceptive, walks out on contract
A GP who walked out on his employment contract with the medical centre that bought out his former practice has been sued...
A ‘penalty’ maybe but developer pockets $564k interest from no-show Hilton buyer
As talk of a pending property crash ripples through a buoyant market, horror stories are still unfolding of how those bl...