Category: Contract Law
Australian Institute of Credit Management – 2017 Credit Symposium for Credit Managers
The Problem Credit Professionals are required to remain informed and updated regarding legislative changes, developments in the law and changes to the financial arrangements, which can ultimately improve cash flow and mitigate the risk of not being paid. Recognising problems and opportunities and efficiently utilising legal and commercial solutions will provide assistance to meet your…
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- Commercial
ACCC Reminds Companies of Misleading and Deceptive Conduct Penalties
In February 2015 the Australian Competition and Consumer Commission obtained judgment against Reebok Australia Pty Ltd in ACCC v Reebok Australia Pty Ltd [2015] FCA 83 in what was a stark reminder to Australian businesses of the costly effects of making false and misleading representations in relation to their goods and services in contravention of…
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- commercial law
8 Things to consider before you enter a joint venture agreement
What is a Joint Venture Agreement (JV)? A JV is a business arrangement between at least two parties with a view to realizing profit by working together and leveraging from each parties’ respective strengths. A joint venture may take a number of forms, from a contractual arrangement up to including establishing a new legal entity with each party…
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- commercial law
“No refunds” clause unfair: Federal Circuit Court
A recent decision of the Federal Circuit Court has found that a “no refunds” clause relied upon by a cruise ship operator to hold onto the money of passengers whose cruise was cancelled due to inclement weather is unlawful. Ferme v Kimberley Discovery Cruises Pty Ltd [2015] FCCA 2384 involved a cruise ship operator, Kimberley…
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- commercial law