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Tag Archives: Corporate Governance
Corporate insolvency update: Director Penalty Notice changes
In an earlier post we raised the possibility of changes to the law concerning Director Penalty Notices. The Treasury released its exposure draft of the proposed legislation for public consultation late yesterday. The object of the legislation is to address … Continue reading
Possible changes to Director Penalty Notice regime
In the recent budget, the Commonwealth government addressed the issue of fraudulent phoenix activity and proposed a number of law changes to strengthen the ability of regulators, particularly the Australian Taxation Office, to deal with such activity. Phoenix activity involves … Continue reading
Shareholder Disputes: How can a Court resolve them?
In our last post, we discussed a number of different circumstances where a minority shareholder might be able to bring proceedings against a company and other shareholders. The type of case we discussed is usually referred to as an “oppression … Continue reading
Shareholder Disputes: What are my options?
In our last post we discussed a number of ways that might help avoid a shareholder dispute. In some circumstances, the relationship between shareholders can break down so severely that mediation or negotiation will not solve the underlying dispute. In … Continue reading
Shareholder disputes and how to avoid them
Disputes between shareholders can occur in any type of company and can arise in many different ways. Shareholder disputes are usually caused by a number of factors that have built up over time. The most common disagreements occur when shareholders have different ideas … Continue reading
Director duties reminder: ASIC successfully prosecutes 75 company officers
Earlier today the Australian Securities and Investments Commission issued a press release relating to the successful prosecution of 75 company directors and other officers between September and December 2010 for breaches of the Corporations Act. We reviewed the list of prosecutions and … Continue reading
Five good reasons to keep your ASIC details up to date
An issue that keeps popping up for our corporate lawyers and litigation lawyers is the failure to maintain up to date company details with the Australian Securities and Investments Commission. It is important for all businesses to have a system in … Continue reading