Risk ‘off the scale’ on Torchlight loan
Wealthy Australian fails in bid to claim huge fees on ‘juicy transaction'
Hot Topic
Hawke’s Bay
A $A37 million loan to George Kerr’s Torchlight private equity fund was “off the scale” in terms of risk but that did not justify the “extravagant” default fee charged by the lender, the High Court has found.
In a judgment delivered on Monday, Justice Matthew Muir has ruled on a dispute between
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Tue, 20 Oct 2015
Tue, 20 Oct 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Risk ‘off the scale’ on Torchlight loan
52658