Golden J Wealth Pty Ltd v AC Holdings Co Pty Ltd [2019] NSWSC 1342

The lender advanced $7.21M to the borrower to assist with the purchase of two unrelated properties. Two months after the loan settled, a third party obtained freezing orders against both properties. The lender formed the opinion that the borrower had suffered a material degradation in its ability to comply with the terms of the mortgage. …

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