Property agents and developers would be aware the standard REIQ Contract contains a finance clause which makes the contract conditional upon the buyer obtaining finance. This is for the mutual protection of the parties, in that either party may elect to terminate the...
As published in CK Momentum Issue 1 (Click here to download) In late 2013, CK acted for NRMA Motoring & Services on the sale of its portfolio of wholesale travel businesses. Assets sold by the NRMA included the Adventure World Travel, Value Tours, and Creative...
WHAT IS AN INDEMNITY? In its simplest form an indemnity is an agreement between two parties in which one party agrees to cover loss and damage suffered by another. As such indemnities are a very effective tool to allocate risk between transacting parties. The risk we...
In the March edition of CK Momentum, we looked at the formalities of signing contracts. However, in some commercial dealings following the formal rules of, for example, having two directors sign a document or asking for a copy of a board resolution to verify a...
As published in CK Momentum Issue 5 (Click here to download) It took a decade of negotiations spanning three governments, but in late 2014, Australia and China finally concluded a Free Trade Agreement ("FTA"). Corporate & Commercial Lawyer, Sam Bassingthwaighte,...
As published in CK Momentum Issue 5 (Click here to download) The CK Agribusiness group has been watching and receiving reports of much needed rain falling in certain parts of Queensland and New South Wales. While not widespread and more being required, the water has...
Amendments to the Building & Construction Industry Payments Act 2004 (QLD) have altered the timeframes for the filing of payment claims, payment schedules, adjudication applications and adjudication responses. CLICK HERE TO READ THE NEW BCIPA TIMEFRAME DETAILS
Allana Agnew, an Associate in our Litigation and Insolvency team, attended a Discussion Evening held by the Building Dispute Practitioners Society in August 2014. Presenting at the Discussion Evening was the new Chairman of the Board and Commissioner of the Queensland...
Business owners often ask us about the technical requirements for signing and dating contracts. Litigation & Insolvency Partner Sarah Davies, points out a number of matters you should keep in mind: A company can sign documents by having them signed by two...
As published in CK Momentum Issue 3 (Click here to download) The Building and Construction Industry Payments Act 2004 (“BCIPA”) regime is intended to be an efficient and reasonably low cost method for contractors and subcontractors to ensure payments are made to...
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,...
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...