ARTICLES

Commercial Law

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…

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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…

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Confirmation of the “Contractor” Arrangement – Dentists (and allied health)

By NB Lawyers | October 26, 2020 |

In 2019, our office released an article regarding the findings in the case of Moffet v Dental Corporations Pty Ltd [2019] FCA 344, focussing on the Federal Court’s decision that a dentist, otherwise considered a contractor for employment law purposes, was in fact an employee for superannuation purposes. This case is important because many allied…

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5 Tips for Shareholders Agreement

By NB Lawyers | October 6, 2020 |

Tip 1 – Get it done at the Beginning The single biggest mistake we see is that the participants fail to prepare a shareholders agreement at the outset of the venture. There can be many reasons for this, including but not limited to the following: it may not occur to the parties that they need…

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Queensland Payroll Tax and Employment Agents

By NB Lawyers | September 2, 2020 |

Payroll Tax is a State imposed tax on employers, assessed by the wages paid to employees, applicable when the total amount of wages paid by an employer or a group of employers exceeds a determined threshold. There are special provisions in these laws for ‘employment agents’ who procure the services of workers for their clients.…

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