Licence lending – protecting your rights in domestic building contracts

Purchasing or building a new home is often said to be the largest financial commitment an individual or a couple will make in their lifetime. People will take on substantial mortgages in order to build their dream homes or investment properties. Therefore, it is extremely important that you ensure the legal goalposts are set from the beginning and understood by all parties, before signing on the dotted line.

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COVID-19 Business Interruption Test Case (No.2) – Round 2 to the Insurers!

On 8 October 2021, the Federal Court of Australia determined its first instance decision in the second Australian business interruption insurance test case. The decision in Swiss Re International Se v LCA Marrickville Pty Limited [2021] FCA 1206 (Second Test Case) provided legal guidance in determining whether business interruption insurance policies provide cover to businesses for losses related to COVID-19.

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Land Acquisition: Awards of Costs to Claimants Despite Determination in Favour of Acquiring Authority

The Tribunal in Heislers v Melbourne Water Corporation [2014] VCAT 1399 ordered that Melbourne Water, as the acquiring authority of a pipeline easement related to the Wonthaggi desalination plant, pay 80% of the claimant’s costs in the proceeding. 

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Insolvency-Debt Recovery, Litigation Harwood Andrews Insolvency-Debt Recovery, Litigation Harwood Andrews

Execution of Guarantees - Think twice before seeking to avoid liability for a guarantee

When obtaining finance, directors of family businesses will often be required to provide guarantees.  

Importantly, and as the discussion below indicates, directors may become unwittingly bound by guarantees they did not know they had provided.

T
herefore it is important that prospective guarantors fully understand when a guarantee will be taken to have been provided, as well as understanding that executing a contract in their directorial capacity may, if the agreement so provides, expose them to personal liability under a guarantee.    

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Insolvency-Debt Recovery, Litigation Harwood Andrews Insolvency-Debt Recovery, Litigation Harwood Andrews

Landowners affected by failed timber companies urged to be cautious

Landowners, whose land is affected by leases to failed timber companies Great Southern and Gunns Plantations Ltd (GPL), should be careful before entering into any agreement with the liquidators of GPL, according to a warning by Richard Anderson, a director of law firm Harwood Andrews.

Some landowners who have been caught up in the collapse of Great Southern and GPL may recently have received a letter from the liquidators of GPL offering various options concerning dealing with trees still growing on their land, even though landowners have not received rental payments for some time.

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