The passing of resolutions of a committee of inspection by means of a circular resolution outside a formal meeting is not uncommon.  This article discusses two recent judgments which have determined that such a circular resolution is unlawful, bringing into play the provisions of the IPA Code which requires remuneration drawn inappropriately to be immediately repaid […]

Businesses worldwide are looking for international opportunities to develop and expand their operations.  Contracts between companies across borders are often the norm particularly as access to, and acceptance of, online commercial opportunities increase. Many businesses have customers / clients located in jurisdictions other than their own. Despite their best efforts to minimise such risks, it […]

Dealings by Australian businesses with international clients, suppliers and developers are increasing at a rapid rate. One result of that trend is the need to take into consideration the enforcement of claims brought against overseas-based companies or individuals. Regardless of where one’s business is based, the enforcement of claims brought against overseas-based parties can be […]

Directors often use the end of a financial year as a time to reflect on a company’s financial performance and, if the company is doing well, to give consideration to whether a dividend should be issued to shareholders. A recent amendment to the Corporations Act 2001 (Cth) (Corporations Act) changes the requirements to be met […]

In the world of insolvency, time is often of the essence for any number of reasons. As a result, the method of calculation of time is a critical matter to be considered in the context of a practitioner’s day-to-day decision making. In this Alert, we consider some important timing concepts in the context of the […]