Sydney-based Gadens has been ordered to pay $4.7 millon to a former client.
Supreme Court of New South Wales Justice Robert Beech-Jones ruled in July that the law firm had provided negligent tax advice to John Symond, the founder of Australian mortgage lender Aussie Home Loans. In 2003, Symonds had sought advice from Gadens on a restructuring that would allow him to personally borrow money from his company while paying as little tax as possible on his loans.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
