The principal document in many lending structures is the Facility Agreement. They are usually lengthy, detailed and complex documents. Understanding the key issues in a Facility Agreement is crucial as this is the rule book … Continued
In 2018 and 2019, as parts of the real estate market have softened, the appetite and ability of the Big 4 banks to fund property development has reduced when compared to their former capacity due … Continued
The Queensland Building Industry Fairness (Security of Payment) Act 2017 (Qld) (BIF Act) commenced in November 2017 and introduced reforms to several aspects of security of payment in the construction industry in Queensland, some of which are … Continued
Earlier this year (and not for the first time in the Australian security of payment landscape) an intermediate appellate Court in one Australian State reached a different position on materially identical provisions in the security … Continued
As Melbourne grows, the supply of appropriately located, zoned and serviced land for industrial development is tightening, and brings new challenges to acquire and/or develop land. Here are some key legal considerations we have seen … Continued
Entitlements, bonuses and commissions Developers commonly offer commission or bonus schemes as part of their contractual arrangements with sales employees and contractors. The reasons are obvious: incentivised pay attracts high quality talent, drives and motivates … Continued
The major Australian banks have made a strategic withdrawal from funding commercial property development in Australia. Previously the major banks had a market share of circa 85 percent of the $50 billion annual property finance … Continued
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