What If Your Business Partner Died Tonight?
Australia: What If Your Business Partner Died Tonight?

Reading Time: 2 minutesIt’s something most people never think about. And fair enough, it’s not a pleasant thing to ponder. But the reality is that if you’re in business with other people it’s wise to put in place a Buy / Sell Agreement. Buy / Sell Agreements require the ‘surviving’ partner or partners to buy out the other […]

Time for Hong Kong to revisit the meaning of “dishonesty”

Reading Time: 5 minutesBackground “Dishonesty” is an element to be established by the prosecution in a number of criminal offences, including theft and conspiracy to defraud. R v Ghosh [1982] QB 1053 had been a landmark case formulating the two-stage test on “dishonesty” as a direction to jury (the “Ghosh directions”), which comprised of:  Whether the defendant’s conduct was dishonest […]

Wake up call for Contract Service Providers in Australia

Reading Time: 2 minutesWhat’s it all about? In an important decision by the Federal Court, the long standing exception to redundancy entitlements based on the “ordinary and customary turnover of labour” has come under the spotlight and will no doubt be the new benchmark relied upon by employee organisations to demand redundancy when service contracts aren’t renewed and where a […]

common terms in sale and purchase agreements_asia law network
Buying a Property in Singapore and unsure of terms?

Reading Time: 7 minutesSingapore has one of the highest home ownership rates globally (about 90% of the population). As such, most Singaporeans will be involved in at least one property transaction in their lifetime. Purchasing or selling a property for the first time can be a daunting experience, especially when one is confronted by the mountain of legal […]

different_share_classes_asia_law_network
Different Share Classes Explained

Reading Time: 9 minutesEver wonder what the different share classes are? Shares represent the interest of a shareholder in a company and involve a bundle of rights and obligations between the shareholder and the company. Shares are an important source of financing for companies as shareholders are obligated to pay the amount payable for the share into the […]

Why you need a privacy policy now_Asia Law Network
Why you need a Privacy Policy now in Australia

Reading Time: 3 minutesEvery business that turns over more than $3 million is regulated by the Privacy Act 1988 (Cth).  The Act and the Australian Privacy Principles set out rules for how you collect, use and store personal information. A business lawyer can reduce your risk of a breach. The Principles require most businesses to consider the privacy of personal information, […]

director_duties_thailand_asia_law_network
Becoming a Director in Thailand?

Reading Time: 4 minutesDirectors’ duties and liabilities: fundamental requirements to keep a director safe from legal exposures The directors of a private limited company are considered the lawful representatives of the company and they act for and on behalf of the company. In performing their role, the directors, regardless of their nationality, are bounded by the same directors’ […]

what you need to know about selling your business_Asia Law Network
Selling your Business in Australia?

Reading Time: 3 minutesMost business owners hope to sell their businesses one day. Knowing the basics of business sales will help you maximise the sale price of your business when the day comes. Selling a business will usually involve a sale of shares or a sale of assets. This article explains the pros and cons of both of […]

The Importance of Documenting Your Decisions
Why Document your Business Decisions in Australia?

Reading Time: 4 minutesSo, you’ve been brave and made the decision to start a business. Now what? The next step is to ensure that you have the right documentation in place to comply with the law and to set the framework for your business operations. Your Business Framework Companies generally require a constitution to be registered. The constitution […]

authorised v paid up capital_asia law network
What is the difference between paid up and authorised capital?

Reading Time: 5 minutesIn 2006, Singapore abolished the concept of authorised capital. This streamlined and simplified the evaluation process for investors to evaluate companies. The distinction between authorised and issued share capital can at times be misleading. However, the removal of the concept of authorised capital has made it much easier for companies to distinguish between the two […]