Awarded – Best Lawyers: Ones to Watch in Australia™
We are proud to share that Brett Taback has been recognised in the 2023 edition of Best Lawyers: Ones to Watch in Australia™
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Deadlocks in Shareholder Agreements
A shareholder agreement is a vital legal document that every business with more than one owner should have. It is a contract that outlines the rights and responsibilities of shareholders and the management of the company. One of the most interesting issues that is often strongly negotiated in shareholder agreements is the decision-making process. Shareholders
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High Court: Purchaser must complete pub acquisition
You’ve just signed an agreement to buy a pub business for a record price. Then Covid-19 hits. The world stops and no one knows when it’s going to start again. This was the position a number of our clients found themselves in at the start of the pandemic. We provided advice to purchasers who wanted
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The much misunderstood “15 year exemption” to the Retail Leases Act
The Retail Leases Act 2003 (Vic) (Act)regulates the leasing of retail premises in Victoria. However, there are several exemptions to the Act. This article focuses on the “15 year” exemption, which is a Ministerial determination exempting leases for 15-years or longer where they impose substantial works or financial obligations on the tenant. This particular exemption
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Stamp duty on penalty interest
As a result of a 2020 decision of the Supreme Court of Victoria, the State Revenue Office has confirmed that penalty interest arising from late settlements is included in the dutiable value of a property. This means that stamp duty is payable on penalty interest arising under a contract of sale. As an interim position
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Rights of first refusal in property leases
Rights of First Refusal in Property Leases A right of first refusal clause is a provision included in some commercial property leases which gives the tenant the first option to purchase the property if it is put up for sale by the landlord. This clause can be a beneficial tool for tenants, as it provides
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