Category: Commercial Disputes
Debt recovery: First steps to get your money back
4-March-2013 Debt Recovery,Commercial Disputes By Jamal BakalianIf you or your business needs to recover a debt, there are several steps to follow. 1. Letter of demand Firstly, you need your legal representative to send a letter of demand to the debtor. This puts the debtor on notice that the debt is...
How to avoid fines for “exclusive dealing”
21-November-2012 Commercial Disputes By Mark StreeterIf your company trades with another company and imposes a restriction on what, who and where they conduct their business, you may be involved in “exclusive dealing” and “third line forcing” – which contravenes Australian Consumer...
Secure your stock or risk losing money owed to you
12-November-2012 Commercial Disputes By Mark StreeterLeading commercial and insolvency lawyer Mark Streeter says many companies are uncertain about whether their credit is secured since the introduction of the Personal Properties Security Register on 30 January 2012. He says many companies have failed to...
ASIC sues North Sydney Solicitor for Phoenix companies
30-November-2010 Commercial Disputes,Fraud and Insolvency By Mark StreeterThe Australian Securities and Investments Commission (ASIC) has found a North Sydney Solicitor guilty of advising eight of his clients engage in activity which breached the Corporations Act. This significant case sends a warning to all business advisors....
David beats Goliath using a recorded phone call
Commercial Disputes By Mark StreeterMacquarie Bank's recorded phone calls used as evidence against them What would you do if faced with a call on a margin loan of $160,000 from Macquarie Bank and given three working days to pay it? Over the past 12 months this has became a common...
Restraint of trade – how far can it stretch ?
Commercial Disputes By Mark StreeterSolicitor resigns and fights against signed employment agreement In recent years the pros and cons of employment contracts have been hotly debated. When a solicitor in a country town resigned from his firm to work for another he was accused of being in...
Motorola dealer causes loss of goodwill in business
Fraud and Insolvency,Commercial Disputes By Mark StreeterBreach of employment contract turns into an expensive lesson for employee When you hire someone to do a job it is natural to expect the employee to do their job and to be loyal to their employer and not help a direct competitor. Failure to do this...
Streeterlaw addesses case of website copyright infringement
Commercial Disputes By Mark StreeterThe situation – theft of intellectual property An Australian company had an extremely well developed website. Hundreds of hours had gone into its development in optimising design and content to inform and direct new business. A competitor was...
Can legal fees be recouped when chasing outstanding strata levies?
29-November-2010 Property,Commercial Disputes By Mark StreeterCan a strata Body Corporate recover all of the legal costs it incurs when chasing outstanding strata levies? It is quite common for civil legal action to leave successful plaintiffs out-of-pocket in respect to their legal expenses, even if they obtain...
Businesses paying debts more quickly since GFC
Commercial Disputes By Mark StreeterAn interesting article in The Sydney Morning Herald in October 2009 commented on the statistics from Dun & Bradstreet's trade payments analysis. The article, Business pay up more quickly, said the analysis showed a fall in the payment terms for...