Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business

Like in other times of economic turmoil, bargain businesses are now increasingly on the market. However, just like buying an old car, sometimes the alluringly low upfront price of a business obscures the painful reality of extraordinary costs you’ll have to bear down the track. As commercial lawyers, we are often asked to assist to [...]

2020-09-13T22:37:52+00:00September 13th, 2020|Business Advice, Contracts, Corporate Advisory, Property|Comments Off on Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business

Wording is so important in employment law – meaning of the word “day”

The High Court decision in the matter Mondelez v AMWU [2020] HCA 29 was handed down on 13 August 2020.  It overturned the August 2019 Full Federal Court decision and restored the primary objectives of the Fair Work Act which embody flexible working and fairness at work. Problems with the Full Federal Court decision: There [...]

2020-08-23T23:56:15+00:00August 23rd, 2020|Business Advice, Compliance, Contracts, Corporate Advisory, employees|Comments Off on Wording is so important in employment law – meaning of the word “day”

Shareholders Agreements: Have we forgotten what ours actually says?

Shareholders Agreements have a multitude of uses: decoration for the bottom drawer of the filing cabinet, use as scribble paper on the unprinted side, computer screen riser wedged in between two reams of copy paper… oh and regulating the affairs and interactions as between shareholders and management of a company. Unfortunately, the last use is [...]

2020-08-18T04:10:19+00:00August 17th, 2020|Business Advice, Business Partnerships, Contracts, Corporate Advisory, Dispute Resolution|Comments Off on Shareholders Agreements: Have we forgotten what ours actually says?

Another lockdown, another rent relief request

Many commercial tenants who have experienced a downturn in their business due to the COVID-19 outbreak have gone through the process of requesting and securing rent relief from their landlords for the relevant period under the emergency measures legislation (being 29 March 2020 to 29 September 2020). Unfortunately, following the false start which preceded the [...]

2020-07-30T23:33:33+00:00July 22nd, 2020|Business Advice, Contracts, Dispute Resolution, Property|Comments Off on Another lockdown, another rent relief request