Click the link below to download our February 2018 newsletter which considers:
- the reduction of the term of bankruptcy to one year
- registering a security interest for professional services
- guarantees – paying out the creditor and taking their security
- garnishee notices – obtaining judgment against the garnishee
- notary public services now on offer from SRM Lawyers
SRM Lawyers Newsletter – February 2018
In the decision of Linc Energy Ltd (In Liq)  QSC 053, Justice Jackson found that the pre-existing Queensland environmental laws have priority over inconsistent Commonwealth Corporations Act disclaimer provisions.
The matter involved the liquidator’s right under the Corporations Act to disclaim onerous property pursuant to sections 568 and 568D of the Corporations Act, and the pre-existing State-based environmental obligations imposed upon companies. Continue reading
A company is able to selectively buy-back the shares of one particular shareholder, say when that shareholder is a director/employee who intends on leaving the company, or has been terminated by the company. Continue reading
It is very common for a small business to be operated by a company with just one director/shareholder. Business owners can easily get caught up in the myriad of tasks that face them on a daily basis. However, sole directors should take a moment to consider what will happen to their company upon their death. Continue reading
CAN A DIRECTOR’S CLAIM FOR UNPAID WAGES BE SET OFF AGAINST WHAT THAT DIRECTOR OWES TO THE COMPANY?
Once a company is placed into liquidation, section 556 of the Corporations Act (2001)(Cth) (Corps Act) sets out the order for payments of debts due and owing by the company.