Risk ‘off the scale’ on Torchlight loan
Wealthy Australian fails in bid to claim huge fees on ‘juicy transaction'
A $A37 million loan to George Kerr’s Torchlight private equity fund was “off the scale” in terms of risk but that did not justify the “extravagant” default fee charged by the lender, the High Court has found.
In a judgment delivered on Monday, Justice Matthew Muir has ruled on a dispute between
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Tim Hunter
Tue, 20 Oct 2015
Tue, 20 Oct 2015
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Risk ‘off the scale’ on Torchlight loan
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