We were contacted by one owner of a SMSF that has contracted to have a building constructed. Our client agreed to the builder’s suggestion to construct using Structural Insulated Panels instead of brick, in return for a price reduction of $14k, but the builder is now reneging on that deal. There are also disputes about […]
We met a new client yesterday who is looking to allow some of his employees to buy into his company. We discussed different ways and means – selling his shares or allotting new shares in the company, with him getting the proceeds in the first instance and the company getting the funds in the latter.
Buying into Companies Read More »
One of our clients has a dispute with a factoring company. A factor buys debts at a discount from companies that have cash flow issues, but they are very expensive forms of finance. In this case, if the debtor fails to pay within the time stated on the invoice, not only is interest charged on
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Last week we attended the longest day’s mediation we’ve ever been involved with. We did not get out until after 7.00pm. We almost finished settling six related Court actions. Our clients have settled with the plaintiffs, but the plaintiffs and another party are still arguing about costs, so it may be a little while yet
Longest Mediation Session Ever! Read More »
Today Michael will be in Court most of the day attending a mediation in which he will be trying to settle six related Court actions. One is an action claiming various breaches of trust in relation to a family discretionary trust that was establish in 1977. One claim is that a deed that added a
Multiple Court Actions Read More »