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Terminating Commercial Contracts – A Quick Refresher

Done properly, the act of terminating a commercial contract can be an efficient self-help remedy. It can allow a business to change course, stem losses and move on.    Done improperly or without justification, the act of terminating (or purporting to terminate) a commercial contract can make a problem worse. Potentially much worse.     
Blog

CCIVs – changing the investment game one share company at a time

As of 1 July 2022, a new type of company exists in Australia, called a Corporate Collective Investment Vehicle (CCIV). After years of consultation and discussion, the next step is here in changing ways that Australians can invest their money and grow their personal investments.
Blog

Company fails to avoid liquidation by appointing last minute administrators

During 2020, the Commonwealth Government introduced restrictions on the issuing of creditor’s statutory demands for payment of debt to debtor companies, increasing the threshold for debts from $2,000 to $20,000 and the time for compliance from 21 days to 6 months.
  • 16 Jun 2021

Blog

‘OPEN SESAME’, SAYS THE COURT

It is not uncommon for secured creditors to rely on a contractual right to enter a premises for the purposes of seizing collateral, including under a retention of title clause. However, the Supreme Court’s decision is a reminder for secured creditors to consider whether their contractual rights are in compliance with section 123 of the PPS Act and adequately protect them against any grantors’ claims in trespass.
  • 20 Jan 2020

Firm News

Hicksons places its future firmly in the hands of the younger generation

Hicksons is delighted to announce the promotion of two lawyers to the partnership from 1 July 2018.
Blog

Unfair Contract Terms

From 12 November 2016, the Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 will extend existing protection from unfair terms under the Competition and Consumer Act 2010 and the Australian Securities Investment Commission Act 2001 to small businesses that enter into (or renew, or vary) small business contracts that are standard form contracts.

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