Australian Banking And Financing Law: Ravensthorpe V Westpac

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Drafting is a skill. This is one key skill that all lawyers need to master, yet you cannot really study for it. It comes with practice – lots of practice – an experience.

This month, we start the Australian Banking and Finance Law Bulletin with an article about the recent decision of Credit Suisse v Springsure. Angela Flannery (Holding Redlich) takes a look at this Queensland Supreme Court judgement, which is reminder that great care must be taken in drafting security documents (in this case, a general security agreement), particularly regarding the definitions and interpretation clauses. Some banking and finance lawyers told me that they found Justice Bond’s conclusion surprising, but then, others told me that the outcome was as they have expected. You can decide for yourself after reading about this interesting case.

Next up, David Richardson (HWL Ebsworth) considers a security for costs case, Ravensthorpe v Westpac. The principles concerning an application for security for costs are quite well established. We are reminded that the Court first looks to whether the jurisdiction to grant security for costs has been enlivened, and once the jurisdiction is enlivened, the Court then has discretion as to whether security ought be awarded. That discretion is unfettered, although it must …show more content…

Caroline writes for the Privacy Law Bulletin, and in her first article for this publication, titled “Privacy and the banking and finance industry: a refresher and a look into the future”, she outlines three important privacy law considerations for banking and finance lawyers, accompanied by useful tips for clients. I would like to take this opportunity to welcome Caroline to our community, and I look forward to having her share her knowledge and expertise with our readers in many more future

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