Refusing Consent to Assign a Retail Premises Lease
The recent VCAT decision of AVC Operations Pty Ltd v Teley Pty Ltd [2018] VCAT 931 (AVC Operations) serves to remind us of the limited power of landlords to refuse consent to a request to assign a retail premises lease. When can a landlord refuse consent? Section 60 of the Retail Leases Act 2003 (Vic) […]
ReadmoreTrade Incentives
Trade Incentive Promotions run business to business, or business to employee, rather than business to consumer. Here is an overview of those things to consider, when running trade incentive promotions. Click here to view full size image. Authored by: David Smith, Partner Jess Bell, Paralegal Allison Rickard, Paralegal
ReadmoreThe sun sets on developers using Sunset Clauses
Developers are in the firing line again as the Victorian Government seeks to restrict the ability of developers to terminate an “off the plan” contract of sale. The Sale of Land Amendment Bill 2018 (Vic) (Bill) was introduced to the Parliament by the Minister for Consumer Affairs on 21 August 2018. The Bill seeks to […]
ReadmoreRights of a mortgagee dispossessed of land
If you are a mortgagee, or acting for one, you may encounter a situation where you have obtained judgment against a mortgagor for possession of land and, after executing a warrant of possession to gain vacant possession, the mortgagor and/or their associates have unlawfully re-entered the property. In a recent Supreme Court of Victoria case[1] […]
ReadmoreAmerind – insolvent corporate trustees and the Corporations Act 2001 priority regime – still a grey area
The Victorian Court of Appeal in Amerind[1] considered whether the right of indemnity from trust assets held by an insolvent trustee company is ‘property of the company’. If so, the Court considered whether the statutory scheme of priority contained in the Corporations Act 2001 (Cth) (Corporations Act) applies to the distribution of the relevant property. […]
ReadmoreVoluntary Administrators – entitlement to an equitable or statutory lien over funds held on trust
A recent case in the Supreme Court of Victoria of In the matter of Specialist Australian Security Group Pty Ltd (In Liquidation) (ACN 094 807 173)[1] considered voluntary administrators’ claim to a statutory and equitable lien in respect of remuneration and expenses incurred by them. The facts Valdii Investments Pty Ltd (Valdii) and Abcit […]
ReadmoreFreezing and ancillary orders – key factors the Court considers
Following our July 2018 refresher article ‘Freezing orders – a refresher’, the recent decision of Parbery & Ors v QNI Metals Pty Ltd & Ors [2018] QSC 107 is a helpful reminder of the factors the Court will take into account and the threshold an applicant must meet when deciding whether to grant freezing and […]
ReadmoreWhen a trading trust goes bust: the aftermath of the Killarnee decision
Many modern businesses are carried on through a “trading trust”, with a private company serving as trustee. However, while this type of arrangement is not uncommon, there is still a great deal of uncertainty about correct protocol when a corporate trustee becomes insolvent. Questions arise such as: What happens with the corporate trustee is wound […]
ReadmoreNew Cladding Laws – A Guide for Building Owners
The Building and Other Legislation (Cladding) Amendment Regulation 2018 introduces a new regime for identifying and assessing the risk of cladding products on privately owned buildings in Queensland. The regulation is the Queensland government’s response to the Grenfell Tower fire and the subsequent work of the Queensland Non-Conforming Building Products Audit Taskforce. Who is affected? […]
ReadmoreIn the matter of Assta Labels Pty Ltd: A “Warning Label” to ensure your PPSR registrations are correct
Registering your security interest on the Personal Property Securities Register (PPSR) correctly is a critical step in perfecting your security interest under the Personal Property Securities Act 2009 (Cth) (PPSA). A recent NSW Supreme Court case, In the matter of Assta Labels Pty Ltd [2018] NSWSC 1094 (Assta Labels) provides a good practical example of […]
ReadmoreImpact of Family and Domestic Violence Leave entitlements on Family Law cases
As part of its four yearly review of modern awards, the Fair Work Commission (FWC) has been considering submissions on the potential inclusion of family and domestic leave into those awards (see previous article here). The FWC has now determined that such leave should be provided for in awards and has finalised the model clause […]
ReadmoreNew Banking Code of Practice
With demand for the banks to meet community standards, the ABA has released the new Banking Code of Practice to enhance banking services, with effect from 1 July 2019. Click here for full size image. Authored by: Annette Gaber, Partner Anna Koumides, Senior Associate
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