THE RECENT CASE OF CASDAR PTY LTD V JOSEPH FANOUS[1] reminds us of the hazards of non-binding and informal agreements. In that case, a Landlord, relying on a signed Heads of Agreement as the source of his rights, sought damages against a tenant. The court dismissed the claim on the basis that the Heads of [...]
Thinking of starting a business? One of the first administrative steps is to decide upon your business structure. The business structure you choose will impact upon your startup costs, how much tax you pay, your personal liability, your control over the business and ongoing administrative expenses. Start on the right foot by seeking legal advice. [...]
The federal government has launched reforms to bankruptcy and insolvency laws which are expected to be legislated mid-2017. They have the potential to make it easier to bounce back from a business failure, including changing the default period for personal bankruptcies from three years to one year. Recognising that not all bankruptcies occur due to misfortune or innocent [...]
Kicking Goals - Hydrogen fuel cells' time is now, says Applied Nano Technologies' Noel Dunlop A Melbourne-based hydrogen fuel cell startup says it's time to move past the technology's troubled history and embrace a vastly improved new version that is on the cusp of commercial viability. Applied Nano Technologies is seeking $7.5 million in new capital to roll out [...]
