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Investment Law

A win for Timbercorp investors facing loan recovery claims

Timbercorp Finance is pressing loan recovery claims against investors, for loans made to fund investments in the failed Timbercorp Group agribusiness schemes (Olive Trees, Almond Trees, etc)

The High Court has given investors a welcome ‘win’ by not rejecting the attempt by Timbercorp Finance to ‘close out’ the defences to loan recovery claims investors might have because the group proceedings brought against Timbercorp Finance were dismissed.

Investors in Timbercorp MIS Projects, and investors in Great Southern Plantations Projects, will be able to defend loan recovery claims.

For more information click Timbercorp investors have the right to defend loan recovery claims


 


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