Festive and Holiday Season Reminder

2 December, 2009

In the rush up to Christmas with all of the extra commitments and pressure at this time of year be diligent and maintain your risk management practices. This is when you most need them. Keep track of dates and deadlines, particularly if the office will be closed over the holiday season. It is at this […]

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Advising companies under threat of insolvency

2 September, 2009

A recent decision of the New South Wales Supreme Court in a test case brought by ASIC brings home the difficulties solicitors face when advising directors of small companies nearing insolvency on how to protect the company assets. Sections 181, 182 and 183 of the Corporations Act 2001 (Cth) (the Act) require directors of corporations to act in good […]

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Thinking about merging?

2 September, 2009

In this current economic climate there has been an increase in the movement of firms either by way of merger or acquisition. Your policy of insurance is a ‘claims made’ policy and claims histories will move with a firm in certain circumstances. Claims made after the merger but in relation to a pre-merger firm may also affect the new entity. Firms considering merging […]

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The value of good file notes

2 September, 2009

A recent Supreme Court decision of Anthony v Vaclav [2009] VSC 357 illustrates the importance and value of good file notes and making inquiries of the client as to why they are acting as they are if it appears to be to their detriment. The purchaser, Mr Anthony, sought specific performance of a contract of sale of a house owned by Mrs […]

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Amadio claims on the rise!

2 September, 2009

Amadio claims peaked at 10% of claims and 18% of the cost of claims in 1994. By 2002 they had dwindled away to less than 1%, but in the last two years they have moved back up to about 5% of the total cost of claims. The lack of available funds to start up or support ailing businesses […]

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