NSW Court of Appeal confirms letters of comfort don't extend liability to a liquidator's admissions of debt

In Forex Capital Trading Pty Ltd (in liq) v Invesus Group Ltd [2025] NSWCA 64, the New South Wales Court of Appeal has confirmed that a parent company agreement under a letter of comfort to pay ‘debts … incurred’ by its subsidiary does not apply to proofs of debt admitted in liquidation. In this Ins