Will Rights Often people ask us to assist in accessing a copy of a Will of a deceased relative when the holder of the Will is refusing to provide it.
On 28 October 2015, the Strata Schemes Management Bill 2015 and Strata Schemes Bill 2015 passed through the NSW Parliament. The new strata laws are to become effective from mid-2016. We will outline some of the major changes below. The Changes Increased flexibility: Unit Owners will now be able to cast their votes by mail,… Read more »
Over time, elderly individuals may find that living alone in their family home is no longer suitable for them. They may wish to be closer to their adult children for comfort and support. There are many other reasons why elderly people chose to live with their children. If you are in this situation as either… Read more »
An illegal act by a party to a contract will not necessarily make the contract unenforceable. The fact a party has failed to fulfil a legislative requirement will not automatically render the contract invalid. The court will usually consider the scope and purpose of a legislative provision when determining whether a breach of that provision… Read more »
One of the most important aspects of a shareholder agreement is how your ownership in the business is valued upon exiting. This is because the value of your interest in a business can form a substantial part of your personal wealth. There are various types of valuation methods that could be included in shareholder agreements.… Read more »
Recently academic research from the University of New South Wales highlighted the value added by longer serving directors.
Unfair dismissal applications have continued to rise in recent years, keeping the Fair Work Commission (FWC) very busy. Last year there were nearly 14,800 unfair dismissal applications lodged. This staggering number suggests that many employers are still struggling with the unfair dismissal laws. Although most cases are settled before any formal hearing takes place, they… Read more »
Many individuals put it all on the line in an attempt to set up a successful small business. For many businesses owners the value of their business is their only major financial asset other than their family home. Although the majority would have insurance to protect their family home, it seems that many have not… Read more »
What is personal property? The term ‘personal property’ covers most examples of property dealt with in the normal course of a person’s or company’s business. Examples include: inventory, motor vehicles, boats, crops, plant and machinery, shares, investment instruments and intellectual property. The personal Property Security Act (‘PPSA’) does not cover real property. These types of… Read more »
Termination Termination of employment occurs when an employee’s contract of employment with an employer comes to an end. This can happen because of dismissal, resignation or redundancy.