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Archive for the ‘Corporations Law Advice’ Category
Author: Michael Adendorff
Thursday, August 21st, 2008
In April 2008, the former directors of International Finance Corporation Pty Ltd (in liquidation) (IFC) were found guilty on several charges following investigation by the Australian Securities and Investments Commission (ASIC).
The directors were charged with having aided IFC issuing debentures to investors in breach of the Corporations Act.
The charges related to 22 debentures offered and [...]
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Tags: Australian Securities and Investments Commission, Corporations Act, Debentures, International Finance Corporation Pty Ltd, Raising Finance Illegally
Posted in Commercial Law, Corporations Law Advice, Director & Shareholder Advice, Due Diligence Reviews - Legal, Structuring - Business, Finance, Sale & Purchase | No Comments »
Author: Michael Adendorff
Thursday, August 21st, 2008
On 28 April 2008 “… an innovative new online database developed by IP Australia that makes the breadth of Australian inventions more accessible …” was introduced.
AusPat allows a one-stop access to Australian patent applications since 1979. Previously those researching Australian patent literature had to work across several unconnected databases.
The Minister is reported to have said [...]
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Tags: Australian inventions, Patent Searches
Posted in Commercial Law, Copyright, Computer and IP Law, Corporations Law Advice, Director & Shareholder Advice, Due Diligence Reviews - Legal | No Comments »
Author: Michael Adendorff
Thursday, August 21st, 2008
In a 2008 case the Court of Appeal considered whether a decree for specific performance should have been made when there was no breach of contract, or a reasonable apprehension of breach.
The appellant vendor was a share-title home unit company. The vendor and purchaser entered a contract for the purchase of shares allowing the purchaser [...]
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Tags: breach of contract, Council, Court of Appeal, Specific Performance
Posted in Commercial Law, Corporations Law Advice, Due Diligence Reviews - Legal | No Comments »
Author: Michael Adendorff
Wednesday, August 20th, 2008
The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you thought was right.
A purchase of shares in a retailer company fell through because the buyers failed to follow the prescribed procedure after exercising their option to purchase. In this case a [...]
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Tags: Purchase Option
Posted in Commercial Law, Conveyancing and Leases, Corporations Law Advice, Director & Shareholder Advice, Due Diligence Reviews - Legal, Structuring - Business, Finance, Sale & Purchase | No Comments »