We can help you buy or sell a residential or commercial property anywhere in Australia. Leasing contract services included.
ForumLaw provides legal services and contract work for any type of business transaction from business registration to succession matters.
We'll help make your project a success, from setting up & revising contracts and agreements to tracking sales & leases in multiple-strata unit projects online!
Choose a package that suits your needs. We then maintain constant legal watch of your business.
Take control of your assets today. Contact ForumLaw to arrange a new Will or review any existing arragements in place.
Stay in touch with how the law affects you! Subscribe to our
A recent decision of the Queensland Supreme Court under s1324 of the Corporations Act threatens to extend the liabilities of directors into fresh fields.
Section 1324 allows the Court, upon an application from ASIC or a person affected by the conduct complained of, to issue an injunction against a person and “order that person to pay damages to any other person.”
In the case at hand, Mr Jarrod McCracken was ordered under s1324 to pay damages to a creditor of his company for a breach of Mr. McCracken’s duties to the company as director.
This is a novel development in corporations law, since directors have not previously been ordered to pay damages to third parties to whom they do not owe legal duties, such as creditors of a company. Mr. McCracken’s appeal to the Queensland Court of Appeal will be watched with considerable anticipation by directors and practitioners alike.