Termination of winding up revisited

Feb 27, 2017

In the recent decision of In the matter of The Wills Group Pty Limited (in liquidation) [2016] NSWSC 1907, the Supreme Court of New South Wales ordered that the winding up of The Wills Group Pty Limited (in liquidation) (Company) be terminated in circumstances where...

ACN or ABN – the $23,000,000 quest....

Feb 27, 2017

It is often stressed how important it is to correctly register a security interest on the Personal Property Securities Register (PPSR). The Supreme Court of New South Wales In the matter of OneSteel Manufacturing Pty Limited (administrators appointed) [2017] NSWSC...

Consequences of failing to maintain a co....

Feb 13, 2017

In the recent decision of In the matter of Swan Services Pty Limited (in liquidation) [2016] NSWSC 1724 the Supreme Court of New South Wales re-affirmed the circumstances in which a company’s failure to maintain books and records will invoke a presumption of...

The danger of a small deposit

Jan 23, 2017

It is the norm in New South Wales for a deposit of 10% to be paid on exchange of a contract for the sale of land. It is sometimes the case – and given rising property prices, increasingly the case – that a smaller deposit of 5% is paid. When that happens the contract...

Demolishing tenants’ repair obliga....

Jan 17, 2017

Tenants should make sure they aren’t caught out having to carry out or make payment in lieu for make good and repairs of premises if the tenant has the benefit of section 133A of the Conveyancing Act 1919 (NSW), which applies to all commercial leases in New South...