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Insolvency

Application of Transitional Provisions to ‘Ongoing external administrations’

We are now past the second tranche of changes under the Insolvency Law Reform Act 2016 (Cth), comprised most importantly of Part 3 of the Insolvency Practice Schedule (IPS) (containing the General Rules relating to external ...

Published by Andrew Lacey
26 September, 2017
Insolvency

Getting a handle on the new funds handling provisions under the ILRA 2016

Division 65 and the New Strict Liability Regime With the first tranche of changes under the Insolvency Law Reform Act 2016 (Cth) (ILRA) now some 6 months behind us you could forgive the industry for...

Published by Andrew Lacey
25 September, 2017
Insolvency

Safe Harbour and Ipso Facto reforms pass into law

On 18 September 2017 the Treasury Law Amendment (2017 Enterprise Incentives No. 2) Act 2017 (the Safe Harbour and Ipso Facto Act) became law. The Safe Harbour reforms introduced in the Safe Harbour and Ipso Fact...

Published by Andrew Lacey
25 September, 2017
Insolvency

External administrators to avoid personal gain

External administrators are required to be independent, impartial and avoid personal conflicts of interests when carrying out their role and dealing with company assets. This is the reason for why they need to lodge a declaration of independence, rel...

Published by Andrew Lacey
25 September, 2017
Litigation and Dispute Resolution

Limitations on entire agreement clauses

Entire agreement clauses are often employed as a means of defining the parameters of an agreement. However, in reality such clauses are far from definitive and may be subject to a variety of limitations.   What is an entire agreemen...

Published by McCabes News
25 September, 2017
Litigation and Dispute Resolution

Heads of Agreement – are they enforceable?

Parties to commercial transactions often enter into short preliminary agreements which are commonly referred to as heads of agreement, lease proposals, letters of intent and memorandums of understanding. These agreements are usually not enforceable ...

Published by McCabes News
21 September, 2017
Litigation and Dispute Resolution

When does a conversation become a contract?

There is a common misconception that oral discussions do not give rise to binding agreements, however, provided the essential elements of a contract exist, oral conversations can form binding agreements, and a court will apply an objective test as to...

Published by McCabes News
21 September, 2017
Litigation and Dispute Resolution

Court questions the power to order compensation to purchasers of off-the plan contracts for rescission under sunset clauses

In a recent case before the NSW Supreme Court (352 Bourke Street Pty Limited as Trustee for 352 Bourke Street Unit Trust v Kerry Gai Rhall), Emmett J was tasked with determining the scope of the nascent “sunset date” provisions introduced in...

Published by McCabes News
15 September, 2017
COVID-19

5 key lessons for employers with a global workforce

Can an employee engaged to work overseas still bring a claim in Australia? Are employees overseas covered by Australian industrial instruments? These and other questions are answered in our 5 key lessons for employers with a global workforce.

Published by McCabes News
3 September, 2017
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