Comfort letters- a fresh look?

Thai, Lang 2006, Comfort letters- a fresh look?, Journal of banking and finance law and practice, vol. 17, no. 1, pp. 15-33.

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Title Comfort letters- a fresh look?
Author(s) Thai, Lang
Journal name Journal of banking and finance law and practice
Volume number 17
Issue number 1
Start page 15
End page 33
Publisher Lawbook Co
Place of publication North Ryde, N.S.W.
Publication date 2006-03
ISSN 1034-3040
Summary The topic of “comfort letters” is an ongoing debate in Australia. There are arguments for and against enforceability of comfort letters, yet little has been said about how the “law” can be reformed. In support of enforceability, this article provides a comparative perspective on the American and Australian models and suggests that certain principles from the former could be adopted in Australia to eliminate the inconsistency in the treatment of comfort letter cases. The article also analyses Gate Gourmet and Lasalle Bank, two recent cases from Australia and the United States, respectively.
Language eng
Field of Research 180105 Commercial and Contract Law
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Lawbook Co.
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Document type: Journal Article
Collections: Faculty of Business and Law
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