Stubbings v Jams 2 and Unconscionable Conduct: What the Urgent Solicitor Certificate for Bank Loan Really Proves
Lenders once treated a signed certificate of independent advice as close to bulletproof protection on a guarantee. Stubbings v Jams 2 Pty Ltd changed how courts read that paperwork, and arguably made the quality of the advice more important than the certificate itself. Here is where the risk lines now sit for lenders, brokers and guarantors.