Equipment Finance snippets

Tribunal says net rental clause unfair In equipment lease agreements, the unconditional payment (net rental) obligation is the cornerstone of the contract from the financier’s point of view. Come ‘hell or high water’, the hirer is obligated to pay its instalments on...

Early payouts under goods leases

Early payouts under goods leases remain unaffected by recent case on penalties In the recent case of Andrews v Australia & New Zealand Banking Group Ltd (2012) 290 ALR 59 (“Andrews”), the High Court decided that provisions in a contract deemed penal in nature...