Summary of Developments
The efforts of banks, funds and receivers to enforce their security and pursue contractual debts continue to be fiercely resisted by borrowers, tenants and indeed those less directly connected to the primary parties. As we have seen in previous bulletins, the courts continue to try to balance the competing rights and obligations of parties on both sides to proceedings with mixed results.
The key areas are summarised below and we are more than happy to advise or discuss in greater detail any of these issues which are of particular interest or concern to you or your organisation.
The highlights set out in this review include:
•High Court considers alleged fraudulent transfers
•High Court considers validity of demand for principal sums due
•High Court considers requirement to issue a demand prior to appointment of receiver
•High Court considers the application of the ‘moratorium’ under the CCMA
•High Court considers various lines of defence to a well charging application
•High Court considers admissibility of evidence by third party servicer on behalf of Plaintiff
•High Court considers defence to summary proceedings by one co-owner of property
•Supreme Court considers validity of receiver appointment
•No Consent, No Sale Bill 2019
•Land and Conveyancing Law Reform (Amendment) Bill 2019