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Understanding the Process of Voluntary Administration

In the post-GFC environment, pressure remains on businesses to maintain liquidity and compete. However sometimes despite their best efforts, company directors have to make the hard decision to place their company into voluntary administration.

Getting paid under a commercial construction contract in Queensland

The Building and Construction Industry Payments Act regulates payments and payment disputes for all commercial construction contracts in Queensland. To gain protection under the Act and ensure you receive payment for work undertaken, you must adhere strictly to the Act’s provisions and procedures.

Can you enforce an unsigned contract?

In certain circumstances a contract will be legally enforceable despite not having been signed by one or more of the parties to the contract. It is important to understand your rights and obligations under a contract and when a legally binding agreement has been reached.

My commercial tenant has gone bust! What do I do?

With a number of commercial tenants falling into financial difficulty in recent times, it is important for commercial landlords to understand their rights under a lease and the options they have available to them should their tenant become insolvent or enter administration.

How to draft a legally valid Will

A failure to draft a will, or amend an existing will when your circumstances change, can lead to serious consequences and emotional and financial hardship for your family and loved ones. For peace of mind, a valid and up-to-date will should be prepared to ensure your estate is dealt with in accordance with your wishes.

Recent changes to the liabilities of guarantors

Recent court decisions have held that a guarantor may not be held liable under a guarantee if it can be proved that the terms of the contract were changed without notifying the guarantor.