Financial Ombudsman Service (“FOS”): an important avenue for resolving disputes with banks and other financial services providers The Financial Ombudsman Service Australia (“FOS”) provides a free
What is the safe harbour defence to insolvent trading? The safe harbour provisions provide directors with an exception from insolvent trading liability where they are
The maximum disqualification of 5 years for operating a company has been handed down to a former director, after he was found to have
What are Books of the Company? The scope of a Liquidator’s power to demand copies of documents under Section 530A of the Corporations Act 2001
What is insolvent trading? Insolvent trading is an offence under the s588G of the Corporations Act 2001 that says that if a company is insolvent
Many client’s seek our advice about director’s duties and corporate governance. Typically the issues we see range from director disagreements to more serious issues such
On 11 September 2017, two major reforms to Australia’s insolvency laws – an insolvent trading safe harbour and a restriction on the enforcement of ipso facto rights
Servcorp slapped with ACCC action over unfair small business contract terms The Australian Competition and Consumer Commission (ACCC) watchdog instituted proceedings on 15 September 2017
From September 1, all Australian businesses will be banned from slugging customers with excessive surcharges for using EFTPOS and credit cards to pay for purchases.
In recent years, there has been a growing recognition by the wider community and the legal industry that when it comes to legal disputes, many
Fair Work Ombudsman initiated proceedings: Directors and managers are not immune from the Fair Work Ombudsman The Fair Work Ombudsman is a statutory office established
Shareholder Disputes can cripple a company. Disputes between directors and shareholders can have serious consequences. Before we discuss what a shareholders’ dispute is, let’s briefly
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