ARTICLES

Commercial Law

How to Set Up Business In Australia? 3 Hot Tips for International Business

By NB Lawyers | March 16, 2021 |

For foreign investors, there are various factors to consider before starting a foreign business in Australia. Depending on the operation and industry relevant for the business, these factors can also vary. Generally, starting a business in Australia for foreigners need to consider factors including business structure, human resources and taxation. Choose Business Structure and IP…

Read More

3 Hot tips on Charging Clause in Personal guarantees for directors

By NB Lawyers | January 6, 2021 |

Personal or director guarantees are commonplace in many commercial contracts. Common transactions that will generally require a personal guarantee include: any business purchase; commercial leases; loans; or trading terms and credit applications. In such instances the personal guarantee will generally be from one or all the directors of the company. What is a Charging Clause?…

Read More

New Year Ready or not.. for Insolvency Reform and Debt Recovery?

By NB Lawyers | December 22, 2020 |

Due to the unprecedented impacts of COVID-19, 2020 has seen an array of legislative interventions to protect businesses to trade through the crisis. One of the more significant changes was the extension of the time frame for companies to respond to their creditor’s statutory demands. Statutory Demands Breakdown In ‘normal’ times a creditor’s statutory demand…

Read More

Navigating Company Management Deadlocks

By NB Lawyers | November 6, 2020 |

We are commonly asked to advise directors and shareholders on how to resolve a management deadlock within their company. Management deadlocks can lead to damage to the business and business relationships and a lose-lose outcome for the partners. What is A Deadlock In A Company? A deadlock occurs when neither party (or factions) within a…

Read More

Defining Drag Along Rights in Shareholders Agreements

By NB Lawyers | November 6, 2020 |

A well drafted shareholders agreement will contain what is known as a “drag along” provision. Here we explain what a drag along clause does and why it can be important. Shareholders agreements – What is a drag along right? A drag along right allows a majority of shareholders to force minority shareholders to join the…

Read More