Court rules against claim on Simunovich loan guarantee
Lender foiled in long-running litigation linked to failed finance company FE Investments.
Peter Simunovich.
After more than five years of legal proceedings, the High Court has ruled $450,000 of loans to failed fishing company South Pelagic Holdings can’t be recovered from its director and majority owner Peter Simunovich.
The short-term loans made in 2019 were part of a complex financial relationship
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