Intelligence

Find out what we know as we learn it. The latest news, legal developments and deals relevant to you with our expert analysis

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May292017

Terminating a winding up: The need for unqualified evidence as to solvency

In the recent decision of Deputy Commissioner of Taxation v Project Tiling Group Pty Limited [2017] FCA 208, the Federal...
May152017

Director Convicted for Falsifying Company Books

For obvious reasons, the concealment, destruction, mutilation or falsification of a company’s books is capable of being an offence under...
May152017

Exercising options – A pixie is not a clown

An option is a term within a contract that gives one party (the Grantee) the option to exercise a right granted by...
May122017

Amendment to PPS Lease definition

The Personal Property Securities Amendment (PPS Leases) Bill 2017 was passed by Parliament on 11 May 2017 and will become...
May012017

Director Cleans Bank Account

Following an investigation by the Australian Securities and Investments Commission (ASIC), the NSW DPP recently obtained a conviction against the...
Apr102017

Discretionary Trusts: Can they be trusted?

It has long been understood that a bankrupt’s potential interest in assets of a discretionary trust (arising by virtue of...
Apr102017

PPSA Tip #7: Licence or Plate

Justice Black of the NSW Supreme Court has given lawyers some commercial drafting tips as well as important guidance to...
Apr032017

Last Minute Offers of Compromise: When will the Court grant leave to withdraw?

In the recent decision of Project Gas Services Pty Ltd v Leaseplus Operations Pty Ltd [2017] VSCA 55  (Project Gas Services)...
Apr032017

Shareholders and the right to inspect company books

The holders of shares in a company do not generally have an automatic right of access to the company’s books...
Mar132017

Give me one good reason! Setting aside a Statutory Demand and section 459J

In the recent Supreme Court of New South Wales decision of PostNet Australia Pty Ltd [2017] NSWSC 160, PostNet Australia Pty...
Mar132017

Palmer Drama

On 8 February 2017 the High Court of Australia delivered its judgment in the matter of Clive Frederick Palmer v...
Mar062017

PPSR Update: Serial Numbered Property

If a party provides, as security, collateral that is serial numbered (for example, a motor vehicle) the Personal Property Securities...
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