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What are Smart Contracts and are they Legally Binding?
Smart contracts are computing programs that automatically execute all parts of a contract. They are also stored on a block-chain based platform. Implementing smart contracts into your business is usefulRead More
Can I buy a House with Bitcoin?
Absolutely! Buying a house with bitcoin is possible … although there haven’t been all that many instances of it. Technically bitcoin is not recognised as a legal tender by theRead More
What is the Pari Passu Principle?
The Pari Passu principle holds that any creditors in an insolvency process will equally share any assets that are available, proportionally to the debt owed to them. It is anRead More
Can specific performance be obtained for a contract breach?
In cases of a breach of contract, specific performance can be obtained. Specific performance is a remedy that enforces a promise, whereby a court can order a party to performRead More
What is the Difference in Liability Between a Director and a Sole Trader?
When deciding whether to operate as a sole trader or a company is it important to understand the liabilities of each. There are key differences between the personal liability ofRead More
How do Calderbank Offers Work?
A party can make an offer to settle a dispute through a Calderbank offer. Settlement is when the parties reach a resolution and decide not to take the matter toRead More
What is an Insolvency Notice?
When a company becomes insolvent they must lodge an insolvency notice with ASIC. The Corporations Act 2001 (Cth) requires these notices to be published and made accessible to the public.Read More