ClarkeKann has advised longstanding client StockCo on the acquisition by Elders of a 30% stake in its Australian business. StockCo is the largest specialist provider of livestock financing in Australia and New Zealand. It provides a wide range of specialised...
Shareholders’ Rights to Inspect the Books of the Company
SHAREHOLDER PROTECTION Shareholders do not generally have the right to intervene in the management of the company or to have their views considered in relation to the conduct of the company’s business. However, they do have the right to vote at general meetings and...
PPSR UPDATE: Serial Numbered Goods
WELCOME CHANGES TO THE PPSA COMMENCE TOMORROW Up until now, leases or bailments of certain serial numbered goods (such as motor vehicles) for a term of 90 days or more were deemed to give rise to security interests under the Personal Property Securities Act 2009 (Cth)...
Where There’s a Will, There’s a Way (of Avoiding Estate Disputes)
As published in CK Momentum Issue 2 (Click here to download) For most of us, the idea of our family members having a dispute over their entitlements under our Will is distressing. Litigation & Insolvency Partner, Sarah Davies, looks at some of the steps you can...
PPSR UPDATE: Failure to Register on the PPSR Could Cost One Company $50 Million
In February 2014, Australia and New Zealand Banking Group Limited ("ANZ") appointed KordaMentha Pty Ltd ("KordaMentha") as receivers and managers of the mining services firm, Forge Group Limited ("Forge"). Forge had secured debts of approximately $500 million,...
PPSR – Automatic Notification Service
As published in CK Momentum Issue 6 (Click here to download) Keeping up to date with what charges are held over your business can be time consuming and costly. It is impractical for business owners to constantly search the Personal Property Securities Register...
Crowd Sourced Equity Funding Almost Ready to Go
As published in CK Momentum Issue 7 (Click here to download) The Australian startup ecosystem is in need of new sources of capital to unleash the innovation within. The current equity raising regulatory framework is simply not suited to most startups with its heavy...
Crowd Sourced Equity Funding Almost Ready to Go
As published in CK Momentum Issue 7 (Click here to download) The Australian startup ecosystem is in need of new sources of capital to unleash the innovation within. The current equity raising regulatory framework is simply not suited to most startups with its heavy...
PPSR – Automatic Notification Service
As published in CK Momentum Issue 6 (Click here to download) Keeping up to date with what charges are held over your business can be time consuming and costly. It is impractical for business owners to constantly search the Personal Property Securities Register...
Bank Guarantees: What All Landlords Should Know
As published in CK Momentum Issue 4 (Click here to download) Bank guarantees are often used by tenants to provide landlords under commercial or retail leases with security about the performance of their obligations. Typically, the terms of the bank guarantee will...
FOFA REFORMS: What You Need to Know
As published in CK Momentum Issue 4 (Click here to download) In the wake of the GFC, the Future of Financial Advice (“FOFA”) reforms were implemented by the previous Labour government to increase the trust and confidence of retail investors in the financial advice...
PPSR UPDATE: Failure to Register on the PPSR Could Cost One Company $50 Million
In February 2014, Australia and New Zealand Banking Group Limited ("ANZ") appointed KordaMentha Pty Ltd ("KordaMentha") as receivers and managers of the mining services firm, Forge Group Limited ("Forge"). Forge had secured debts of approximately $500 million,...