Law Blog
My blog features case notes and commentary about developments in corporate and commercial law, focusing on key decisions of the courts in both state and federal jurisdictions.
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Contracts, specific performance and interlocutory injunctions
The Victorian Supreme Court has recently refused to grant an interlocutory injunction that would have had the effect of requiring specific performance of a contract. In addition to giving persuasive reasons for doing so, the decision in Hera Project Pty Ltd v Bisognin & Anor [2016] VSC 591 more broadly represents a useful illustration of the principles to be applied when considering an application for an injunction.
What can ‘rescission’ of a contract really achieve?
The Court of Appeal recently considered the effect of rescission and, in particular, its quality as an equitable remedy. The case of Gutnick v Indian Farmers Fertiliser Cooperative Ltd [2016] VSCA 5 shows how a judicial declaration of rescission can help a party seeking restitution.