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Title: Law

Essay Details:

Subject: Business
Author: James P
Date: December 28, 2015
Level: University
Length: 10 / 2827

Essay text:

1). The Sons of Gwalia case involved a shareholder, Mr Margaretic, who bought 20,000 shares in the company. Eleven days later, on 29 August, 2004, the company was placed into voluntary administration by its directors. The placement into voluntary administration was as a result of suspicions the company was insolvent, following the detection of serious losses in the amount of A$525 million. The losses were brought about by uncontrolled forward hedging contracts and put options, made speculating against decrements in the price of gold (Easton, 2006, p. 453). Mr Margaretic brought a claim against the company for compensation...

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