‘No relationship’ with reality: Judge rails against ‘grossly inflated’ security estimate

Financial Services 2022-07-14 5:00 pm By Cindy Cameronne | Sydney

A judge has slammed a “grossly inflated” estimate of legal costs relied on during a security for costs bid by non-bank lender Aquamore Finance in an appeal over a commercial loan accruing compound interest of 79 per cent per year.