Banking and Finance Law Prize Winners

02 September 2012

Chris and Sam for web
Chris Hare and Sam Hiebendaal

The joint winners of the 2012 Banking and Finance Law Association of Australasia unpublished essay prize are Senior Lecturer Chris Hare and Auckland Law School graduate, Sam Hiebendaal.

The Banking and Financial Services Law Association offers two prizes each year for research essays in important issues of current banking and financial services law and practice which are relevant to Australia and/or New Zealand.

The objects of the prize are to encourage the research potential of the winner and to make the benefits of the research available to the public. Entries are open to students (both at undergraduate and postgraduate levels), academics and practitioners.

Commenting on his win, Chris says "The BFSLA research prize provides rare and invaluable support for banking law scholarship and I am delighted that the other winner is a former Auckland student whose Honours dissertation I supervised. On a personal level, winning the prize will provide a high degree of exposure to my (potentially controversial) views on the duties that bank customers should owe to their banks when operating their bank accounts.”

Joint winner Sam Hiebendaal - who is now with Bell Gully in Auckland - says he was “very grateful to win a research prize from the BFSLA for my paper, which analyses the problematic and highly technical interplay between the doctrine of merger and post-judgment contractual interest. The doctrine has unintended and unjust consequences for creditors, and my paper proposes a solution that will hopefully prove persuasive. It was also great to hear that it was Chris who won the other prize; he was my lecturer in banking law and the person who got me interested in this area in the first place."

Dean of Law, Andrew Stockley, says he is delighted for Chris and Sam. “It is wonderful news for the faculty that a current staff member and one of our graduates are the joint winners of this prestigious prize – we are certainly very proud of their achievements,” he says.

The winning essays and others worthy of publication will be published in the Journal of Banking and Finance Law & Practice (Thomson Reuters in conjunction with Banking and Financial Services Law Association). As joint winners of this year’s prize, Chris and Sam will each receive $7,500.