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Litigation and Dispute Resolution

Fees in loan agreements – can they be enforced?

One issue that often comes up in a dispute concerning a loan agreement is whether certain fees, such as termination fees, or establishment fees, have to be paid at settlement.  Depending on the circumstances, such a fee may be a penalty, and therefor...

Published by Chiara Rawlins
3 September, 2018
Litigation and Dispute Resolution

Limitation periods in equity

Statutory duties will often include a set limitation period stating how long a party has to bring a claim for breach, often six years.  However, equitable claims, such as a breach of fiduciary duties, do not have express limitation periods. Because o...

Published by Foez Dewan
3 September, 2018
COVID-19

Appeal dismissed! Accounting firm remains liable for client’s workplace contraventions

An accounting firm has failed to convince the Full Federal Court to overturn a finding that it was “involved in” its client’s breaches of workplace laws and was therefore itself taken to have contravened the relevant sections of the Fair Work Act...

Published by McCabes News
21 August, 2018
COVID-19

Australia introduces domestic violence leave

The Fair Work Commission has introduced unpaid domestic violence leave into all industry and occupational awards, effective 1 August 2018.  Subject to meeting evidentiary requirements, award-covered employees are now entitled to family and domestic v...

Published by McCabes News
10 August, 2018
Intellectual Property and Technology

Duty’s up: What is the scope of your fiduciary duties as a director once you resign?

It is well known that directors of a company owe fiduciary duties to the company in addition to the statutory duties imposed by the Corporations Act 2001 (Cth).   ‘Fiduciary duties’ are often loosely referred to as duties of loyalty a...

Published by McCabes News
5 August, 2018
COVID-19

High income threshold edges higher – 2018/19 changes

The high income threshold has increased to $145,400, effective from 1 July 2018.   The Fair Work Commission has released its annual increase to the high income threshold. This threshold affects how modern awards apply to employees and, importa...

Published by McCabes News
30 July, 2018
Litigation and Dispute Resolution

New GST withholding obligation starts

As of 1 July 2018, purchasers are required to withhold the GST component of certain property transactions and remit the amount to the Commissioner of Taxation on or before settlement. The amendments were implemented to prevent ‘phoenixing’, whereby p...

Published by McCabes News
3 July, 2018
Employment

By that very fact: ‘ipso facto’ clauses from 1 July 2018

It is common to have ‘ipso facto’ clauses included in commercial contracts, so that a contracting party becomes automatically entitled to enforce its rights against the counterparty upon the occurrence of one or more events specified in the contract....

Published by Foez Dewan
29 June, 2018
Estate Planning

Liquidation – is it really the end for a company?

Ordinarily, a company entering liquidation is considered the commercial equivalent of “game over”, “checkmate”, “the end”, “K.O” or whatever other synonyms creditors can conjure up. This would be true for the most part because, at the end of the liqu...

Published by Andrew Lacey
20 June, 2018
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