Author: Angelo Venardos

21 August 2011

Corporate Governance and Directors Duties

I recently met with a client who was the sole director of a company turning over in excess of $10 million dollars. There were 9 shareholders in total, with my client being a majority shareholder. I was concerned about the general lack corporate governance and reporting to the shareholders, as they only had 1 meeting […]

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15 August 2011

Related Party Transactions

I had a meeting with a client last week that highlighted to me the importance of understanding your obligations when dealing with related parties of your company. This client was experiencing some significant financial difficulty and thought that the assets the client wished to protect from the company at risk of going into liquidation, were […]

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11 April 2011

Natural Disasters and Your Employees

The recent natural disasters in Queensland and other areas have highlighted the importance of having clear and concise workplace policies dealing with extreme weather conditions, so as to prevent confusion as to who is entitled to what. The situations outlined below provide a brief summary of an employer’s position in situations where a business is closed […]

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28 March 2011

Insolvent Trading

Many businesses are currently facing financial pressure, either directly or indirectly because of the credit crunch. This can lead to concerns about solvency. Directors, or persons who could be deemed to be directors, can be held personal liable for debts of the Company where: the Company incurs a debt; and the Company is insolvent at […]

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