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Tiaro Coal Ltd (In Liq) V Amzalak

Supreme Court of New South Wales

Judgment Date:
2018-02-16

Abstract:
The New South Wales Supreme Court (NSWSC) has refused an application by Tiaro Coal Limited (Tiaro) to recover moneys out of the three loans that it advanced to its former corporate consultant. The NSWSC found that the first and second loans were made pursuant with an incentive scheme to acquire Tiaro's shares, and the third loan was paid to the consultant to buy shares from another company on Tiaro's behalf, which the consultant held in trust.

Contract | Agreements | Rectification | Common intention of parties

Published:
7/03/2018
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