Government funding for SMEs who run with....

Sep 15, 2016

In a tight economic market, any lending advantage can assist in solvency and business growth.  As part of the Baird Government’s recent election promise to create new jobs, there are two Jobs for NSW pilot programs available to SME, but with a very limited...

Administration will not always save dire....

Sep 12, 2016

In the recent Supreme Court of New South Wales decision of Mizuho Bank Ltd v Ackroyd, the Court confirmed that proceedings to enforce a guarantee which have already been commenced prior to an administrator being appointed may be continued and will not be stayed by s...

PPSR statistics for 2016 June quarter

Sep 12, 2016

The Australian Financial Security Authority (AFSA) recently released the Personal Property Securities Register (PPSR) statistics for the 2016 June quarter. The release confirms the continuous increase in the use of the PPSR, particularly in relation to commercial...

Remuneration, what is reasonable?

Sep 5, 2016

In the matter of GPJ Investments Pty Limited and in the matter of Angelides Investments Pty Limited [2016] NSWSC 1173, the liquidators of GPJ Investments Pty Limited (GPJ) and Angelides Investments Pty Limited (AI) made an application for the approval of their...

Be careful during settlement negotiation....

Sep 1, 2016

In the matter of Capital Securities No. 1 Pty Ltd v Roger Saliba [2016] NSWSC 1093, the Supreme Court of NSW considered whether parties had reached a binding agreement to settle a dispute where terms had been agreed in email correspondence but not in a formal...