Legal Insights

Liability in Recreational Activities and Businesses - What Providers Need to Know

Liability in Recreational Activities and Businesses - What Providers Need to Know

Recreational activity providers face unique legal risks. Our latest article outlines how Australian Consumer Law, risk warnings and negligence rules apply, and what steps businesses can take to manage liability.

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Board Decision-Making and Governance - Key Considerations

Board Decision-Making and Governance - Key Considerations

Good board decisions are not just about the outcome — they are about the process behind them.

When considering significant transactions or strategic decisions, directors should ensure they are properly informed, understand the risks involved and maintain clear governance processes.

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Capital Reductions – A practical guide

Capital Reductions – A practical guide

Capital reductions allow companies to return capital to shareholders or cancel shares, but the process is tightly regulated under the Corporations Act and ASIC. Understanding the approval requirements, creditor protections and ASIC steps is essential to avoid risk.

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Shareholder oppression claims and start-up investment – ‘Get your Ducks in a Row’

Shareholder oppression claims and start-up investment – ‘Get your Ducks in a Row’

The case of BBHF Pty Ltd v Sleeping Duck Pty Ltd [2024] provides useful guidance regarding shareholder oppression claims in the context of investment in start-ups.  The decision highlights the need for clear, written shareholder agreements and the objective test applied when assessing whether oppressive conduct has occurred. 

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Federal Court stresses the Importance of Trust Deed Interpretation

Federal Court stresses the Importance of Trust Deed Interpretation

A recent decision handed down by the Full Federal Court in Advanced Holdings Pty Limited as Trustee for the Demian Trust v FCT [2021] FCAFC 135 emphasises the important principles of trust deed interpretation and the limitations of statutory provisions concerning the evidentiary force of company records. The decision also serves as a valuable reminder for directors of small companies and corporate trustees to maintain good records.

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COVID-19 Company Admin Update

COVID-19 Company Admin Update

Further to our article here where we wrote about the Australian Securities and Investments Commission’s (ASIC) guidance regarding annual general meetings and the COVID-19 pandemic, the Treasurer has released the Corporations (Coronavirus Economic Response) Determination (No 1) 2020 (Cth) (Determination), which commences on 6 May 2020 and will be automatically repealed on 5 September 2020.

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