In the recent case of Willmott Growers Group Inc v Willmott Forests Limited, the High Court upheld the decision of the Victorian Court of Appeal which held that liquidators of a landlord company can use the disclaimer power in the Corporations Act 2001 to extinguish leases granted by that company. So what does this mean for tenants and does this have any effect on mortgagees of a landlord company?
Property development can by a tricky business if you don’t do your homework from the outset.
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