Resolving a Dispute with Solicitors
We are meeting with two other solicitors this afternoon in an attempt to negotiate the settlement of a long-running and acrimonious dispute over a deceased estate. One of the solicitors belongs to the third law firm that has been engaged by the opposition, which has not helped the situation. The other represents the other defendant, […]
Debt Collection Good Result
We had a good result for a client just before Christmas last year. Their company had provided over one million dollars in services between 1 July and 30 November, but had not been paid. The company’s former solicitor had concentrated on the disputes and not the common ground. We went for the low hanging fruit […]
Incomplete Sale of Land
We had a new matter this week involving a contract for the sale of land. Our client is a company that owns a villa. The directors are a husband and wife. The husband thought the wife wished to sell, so he put the house on the market, an offer was made, and he signed the […]
$11 Million Deal
We have been working on a new $11m deal for a new client – a contract to buy a piece of land and another contract for the construction of a hotel. We are setting up 2 new unit trusts – one to buy the land, the other to lease the land and obtain the hotel […]
Special Purpose Wills
We have been preparing some special purpose wills lately: Wills that make special provision for intellectually disabled children; and Wills that only allow the next generation to have the benefit of the income from the estate, with the capital going to the grandchildren. We have also prepared wills to give a schizophrenic son the benefit […]
Corporate Compliance
Do you use a company to trade? Do you have the Australian Company Number for that company on your business card? What about your website? Did you know that it is a requirement under the Corporations Act that most documents issued by a company need to have its ACN published. If you, or anyone you […]
What is Estate Planning?
What is estate planning all about? It’s about making adequate provision for those you leave behind. From a legal point of view this includes Wills, enduring powers of attorney, enduring powers of guardianship, and succession clauses in partnership, shareholder and unit holder agreements. For assistance with estate planning, see Michael Paterson & Associates.
Exotic Share Class
We have helped a few clients set up companies recently. The last matter required a special class of share for 15% of the total shares issued. This entitled the holders to extra shares each time more shares were allotted to investors in return for capital, such that their original percentage of that class of shares […]
Privacy Policy
Do you have a Privacy Policy? Does it comply with the 10 National Privacy Principles from the Commonwealth Privacy Act 1988? Did you know that those 10 National Privacy Principles, that apply to some businesses, are being replaced by the 13 Australian Privacy Principles next week on 12 March? If you, or anyone you know, has […]
Letters of Administration in Lithuania
We have been having fun obtaining letters of administration for the estate of a man from Lithuania. We have needed: certified copies and translations of Lithuanian birth and death certificates; explanations as to why the names differ on the certificates; and why the deceased transposed an “R” and an “N” in his surname on arriving […]