The novel coronavirus / COVID-19 pandemic continues to cause mass disruption across the globe, with the extent of the damage yet to be understood. It has led to businesses examining their business models, cutting expenses and re-negotiating contractual relationships. It is hoped that, in this time, people and entities try to work together for general survival, rather than focussing on black letter law. However it is important to know how your contracts work, and your potential options. It is also important to prepare, commercially and legally, for the next black swan event.
A caveat is a notice recorded on a title to land to protect an interest that affects that title. The caveat forbids registration of any further interests that may affect the interest recorded in the caveat without the consent of the caveator (the person who lodges the caveat).
Amendments to the Privacy Act 1988 (Cth) (Act) will require the mandatory reporting of “Eligible Data Breaches”. The principal change to the Act is the introduction of mandatory notification requirements in the event of a data breach.
If you are the director of a company in Australia and no longer wish to be in that position, subject to the company’s constitution, you may resign at any time by giving written notice to the company . This resignation is unilateral and need not be accepted by the company to be effective .
A shareholders’ agreement (SHA) is a contract between some or all of the shareholders of a company. Pursuant to an SHA, shareholders agree to regulate the exercise of some of their rights as shareholders of a company.