The Whyalla Steelworks is again under the voluntary administration of KordaMentha, following the South Australian Government's intervention due to the deteriorating financial position of its owner, GFG Alliance. The state and federal governments have announced a joint $2.4 billion support...
BackgroundAs you may be aware, for some years ASX’s policy (as set out in Guidance Note 8) has been to require listed entities who release announcements concerning material contracts to name the counterparties to those contracts (other than in limited...
While it may be uncomfortable to think about incapacity or death, proper planning offers peace of mind by ensuring your wishes are respected and people who you trust are appointed to manage your affairs. It can also ease the burden...
The Corporations Act 2001 (Cth) (“Act”) prohibits a proprietary company from having 50 or more non-employee shareholders. The exclusion of employee shareholders provides proprietary companies with an ability to incentivise employees through the issue of securities in the company usually...
The Australian Treasury has announced the release of a new Foreign Investment Portal to manage applications for Foreign Investment Review Board (FIRB) approvals, amongst other things. The new portal will enable submissions, payments and communication to be managed in respect...
MPH was recently engaged by a client to advise on conflicting security interests over the assets of a company that went into liquidation. This was a timely reminder of the importance of companies and businesses doing their commercial and legal...
Many businesses sensibly adopt the practice of making a phone call to verify bank details before making a large funds transfer. The consequences of failing to do this were illustrated in a recent case in the District Court of Western...
We are proud to announce that our Managing Director, Grant Pestell, has been recognised by Doyle’s Guide as one of Western Australia’s leading lawyers in Technology, Media & Telecommunications for 2024.With close to 30 years of experience, Grant has built...
The Insolvency Practice Schedule (IPS) in schedule 2 of the Corporations Act 2001 (Cth) permits the creditors of a company subject to external administration (as that term is defined in the IPS) to pass a resolution which appoints a Committee...
On 9 October 2024, the Australian Federal Government introduced into Parliament a Cyber Security Legislative Package 2024 comprising the:Cyber Security Bill 2024 (the Bill); Intelligence Services and Other Legislation Amendment (Cyber Security) Bill 2024; and Security of Critical Infrastructure...