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

Beware the new laws tackling Phoenix activity

Illegal Phoenix activity is when a new company is created to continue the business of an existing company that has deliberately liquidated to avoid paying outstanding debts, including creditors, taxes and employee entitlements. Throughout February to April 2020, the Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 was passed by Federal Parliament and the relevant [...]

2020-09-10T03:37:48+00:00September 10th, 2020|Business Advice, Corporate Advisory|Comments Off on Beware the new laws tackling Phoenix activity

A quick Q&A covering COVID-related employment scenarios

With Victoria currently in the middle of Stage 4 restrictions, with impending announcements to be made in the next few weeks concerning the lifting of restrictions (hopefully!), it’s a good time to revisit some of the trickier scenarios surrounding employment and employment-related laws. There’s a lot of information out there at the moment, but as [...]

2020-09-07T03:28:37+00:00September 7th, 2020|Business Advice, Corporate Advisory, employees, Employment Law|Comments Off on A quick Q&A covering COVID-related employment scenarios