ANZ 1.73% $31.79 anz group holdings limited

opes prime mediation, page-87

  1. 3,259 Posts.
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    Corporatemonk,

    You state

    "All Opes Prime and the current judements have proved is that an AMSLA existed that and it was an AMSLA. Whether clients were duly bounf by it is a whole new question."

    With respect, that is not what the Finks judgment said. What is said was that an AMSLA is a valid instrument when properly constructed.

    The Fink did not go on to illustrate that the AMSLA used by Opes and ANZ and the manner in which it was presented by Opes and ANZ to clients was proper correct and binding. In my reading of the decision, I was surprised that the Fink did not slam the door on client's opportunity to pursue that avenue if they so chose. I am surprised more has not been made of that in these discussions.

    Cheers
 
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