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The Basics of Resolving Leasing Disputes in Victoria

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In a perfect world, both landlord and tenant follow the lease agreement to a T. In reality, this is not always the case. So what can you do when reality strikes? What are the common causes of leasing disputes? Both landlords and tenants can be guilty of starting a disagreement or dispute. It’s important to
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What You Need to Know About Section 27 or Release of Deposit

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Generally, the deposit is approximately 10% of the purchase price and is paid immediately or as specified when you sign the contract of sale. The deposit will generally remain in trust until settlement or once the property transaction is completed unless a section 27 release is served. There are instances when the vendor will want
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Dealing with Debt: A Guide for Creditors on Insolvency

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The definition of when a company goes insolvent is when it is unable to pay its debts as they fall due. The Corporations Act 2001 has an ambiguous definition of insolvency. Under the Corporations Act, it does not include all the examples of what it means when you are unable to pay your debt as
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A Guide to Litigation Terms You Need to Know

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Legal professionals often use jargon or technical terms, so it can take a while for both clients and lawyers to be on the same page.  If the client is a larger business, the directors may already understand the legal process courtesy of either an in-house counsel or just going through court in the process of
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What is Insolvent Trading in Australian Law

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In Australia, business entities and companies, are generally governed by the Corporations Act 2001 (the Act). One of the Act’s primary purposes is to set out the obligations of the company, its executives, and its members. A breach of these duties could result in civil liability, and in some instances, criminal penalties. What is insolvent
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