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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…

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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…

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Business Wills – Failing to Execute

I recently spoke with a colleague who relayed a tale of woe about a business owner he knew who passed away recently. About 5 years ago the deceased (Partner A)…

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Asset Protection for your Business

I was recently invited to sit on Your Business Panel. The panel was put together with the objective of assisting business owners by providing expert advice from different professions, in…

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Partnerships – Breach of Duty

I recently was involved in a case where I acted for a partner of a business (90% ownership) who had experienced considerable angst when the other partner (owning a 10% interest)…

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The End of Ratchet Clauses – Amendments to the Retail Shop Leases Act

Rent payable by a Lessee in a retail shop lease can now decrease at a market review. A clause in a lease which prevents the lease decreasing is commonly known…

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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…

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Timing Requirements – Retail Shop Leases Act QLD

One of the most common questions I get asked and one of the biggest issues in retail leasing is what are the timing requirements under the Retail Shop Leases Act. The Retail…

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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…

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