Can a Purchaser recover their Deposit?
In this article, Principal Lawyer Andrew Grima outlines the key legislation that supports the repayment of deposits made.
In this article, Principal Lawyer Andrew Grima outlines the key legislation that supports the repayment of deposits made.
On 5 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 (the ‘Bill’) was finally passed by both Houses of Parliament. The Bill (awaiting Royal assent) introduces mechanisms to discourage illegal Phoenix activity and punish those facilitating such activity. In this article, Principal Lawyer Malcolm Campbell outlines the proposed amendments.
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