Category: Commercial Law

News

Please i-DIN-tify yourself: Director Identification Numbers
POSTED: 14 May 2021
Commercial Law
The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) commenced on 4 April 2021, introducing a Director Identification Number (DIN) requirement for all existing and new directors and strict liability offences for those who fail to obtain a DIN.
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News

New Director Requirements in Light of Phoenix Legislation
POSTED: 23 Apr 2021
Commercial Law
Resigning directors are now subject to new requirements under the Corporations Act 2001 (Cth) as a result of the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (Act).
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News

Key Changes Coming to the Liquidation Process
POSTED: 15 Dec 2020
Commercial Law
The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 (pending approval) will come into effect on 1 January 2021 and introduces a ‘Simplified Liquidation’ process.
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News

The Emerging Presence of Illegal Phoenixing
POSTED: 28 Oct 2020
Commercial Law
Phoenixing (or a phoenix restructure) is when a new company is created to continue the operations of a company that has been deliberately liquidated in order to avoid paying its debts.
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News

Deadline Set - Foreign Person Surcharges on Discretionary & Testamentary Trusts
POSTED: 08 Sep 2020
Commercial Law
The State Revenue Legislation Further Amendment Act 2020 (NSW) (the Act) received Royal Assent on 24 June 2020.
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News

Termination and Contractual Cure Periods – What are Your Rights?
POSTED: 29 Jun 2020
Commercial Law
In Visual Building Construction Pty Ltd v Armistead (No 2) [2019], the NSW Court of Appeal considered when a building contract is validly terminated with respect to a remediable breach.
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News

When a Contractual Right to Terminate May be Lost
POSTED: 22 May 2020
Commercial Law
The decision of the NSW Court of Appeal in Donau Pty Limited v ASC AWD Shipbuilder Pty Limited [2019] considered the circumstances in which a party, which has a right to terminate a contract, might lose that right.
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News

COVID-19: Changes to Company Meetings and the Execution of Company Documents
POSTED: 14 May 2020
Commercial Law, COVID-19
The Federal Treasurer has made a Determination that temporarily allows for virtual company meetings, electronic notices of meetings and the electronic signing of documents during the COVID-19 pandemic.
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News

The Dangers of Subcontracting without Written Approval
POSTED: 13 May 2020
Commercial Law
In a recent case, the NSW Court of Appeal considered whether a cleaning services provider which had breached the terms of its contract by using an unauthorised subcontractor, was entitled to the entire contract price for the cleaning services it had provided.
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News

Contracting Coronavirus (COVID-19): How your Contract can Protect you
POSTED: 24 Mar 2020
Commercial Law, COVID-19
During this global pandemic and testing times, now more than ever is the time to ensure your business and you are protected.
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