ANZ 0.59% $18.81 australia and new zealand banking group limited

bell case may be relevant for anz opes

  1. 490 Posts.
    Check out the article in the West online about Bell liquidators winning over 20 financiers, albeit after 20 years!

    http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=104983

    Pardon me for only posting a snippet but I found this parallel particularly interesting.

    "The judgment has been expected to set important precedents on the powers of financiers to grab assets in troubled companies and will be subject to appeals on complex legal points."

    The Bell comparison has been mentioned before, and I can kind of see the point. They reckon its got a few more years to run through the appeal process, and the legal cost will be round $200M.

    May be worth a mention in Beeconwood?

 
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