Conflicts of interest of company directors are generally regarded as inconsistent with good corporate governance. They leave the company and the directors exposed to claims of breach of duty and oppression of shareholders. In the … Continued
On 12 November 2016, the Australian Consumer Law (ACL)’s unfair contract terms regime began applying to ‘small business contracts’. This change has the potential to impact local government as it gives ‘small businesses’ the ability … Continued
The recent New South Wales District Court decision of Sayde Developments Pty Limited v Arab Bank Australia Limited provides a timely reminder of the importance of careful drafting for lenders who seek to charge their clients default … Continued
In July, we published an article on a case in the English Technology and Construction Court1 regarding a legal challenge to a tender evaluation process conducted by the Milton Keynes Council (Council). The Court found … Continued
If there is a change of trustee of an SMSF, then the arrangements for the handover must take into account any limited recourse borrowing arrangement which is in place (LRBA). The outgoing and incoming trustees … Continued
The Australian National Audit Office (ANAO) recently released a Performance Audit Report called Procurement Initiatives to Support Outcomes for Indigenous Australians (ANAO Report No. 1 2015-16). The objective of the audit was to assess the effectiveness of … Continued
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