Articles

Posted Mar 01, 2021 New Sopa Changes for Residential Builders Commenced 1 March 2021
Read

Written by David Glinatsis and Johnathan Glinatsis    I. OVERVIEW  From 1 March 2021, Schedule 2 of the NSW Building and Construction Security of Payment Regulation 2020 will apply. This means that residential home builders in NSW will have access to the payment claim process under the NSW Security of Payment Act 1999 (SOPA) (the…

Read
Posted Jan 28, 2021 A New Way To Restructure Corporate Debts
Read

INTRODUCTION On 1 January 2021, the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 took effect. The Reforms introduced a new, simpler and cheaper process for debt restructuring of small businesses.   WHAT DOES IT MEAN FOR SMALL BUSINESSES? The new process allows eligible companies to continue trading in its ordinary way while a proposal for…

Read
Posted Dec 11, 2020 Signing Off, 2020: Can One Director’s Signature On a Company Document Bind The Company?
Read

INTRODUCTION When you are signing documents on behalf of a company, in order for the document to be enforceable, the document must be signed correctly and the person who signs the document must have authority to sign on behalf of the company. In Australia, the Corporations Act 2001 (‘the Act’) sets out the rules for…

Read
Posted Nov 12, 2020 Recent Building & Construction Law Reform
Read

Government Response To The Report From The NSW Legislative Council Public Accountability Committee on Regulation Of Building Standards   On 30 October 2020, the New South Wales Government delivered its formal response to the Legislative Council Public Accountability Committee Final Report of 30 April 2020 on the Regulation of Building Standards, Building Quality and Building…

Read
Posted Oct 09, 2020 Know Your Limits – An Insight Into Limitation Periods And What They Mean For Your Contracts
Read

THE STATUTE OF LIMITATIONS Parliament makes laws by passing statutes. The Courts apply those laws to resolve claims. A statute law establishes the deadlines within which claims can be pursued in the Courts. For example, litigation to enforce contracts must be started within 6 years after a default. The legislation is designed to protect defendants…

Read