ASIC Investigations

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What is an ASIC investigation? Why and how are they conducted? The Australian Securities and Investments Commission (ASIC) investigates and prosecutes breaches of corporate law by corporations, directors and officers. Their work is carried out under the Commonwealth Corporations Act 2001. Breaches of corporate law can have some serious consequences for a business and the … Continue reading ASIC Investigations

Setting Aside Default Judgements

Firstly, what are default judgements? Default judgments occur when people do not respond to a lawsuit or debt collector, and a judge resolves the case without ever hearing the defendant’s side. In effect, they are found guilty because they never actually entered a defence, therefore, a judgement is made, setting out the amount of money … Continue reading Setting Aside Default Judgements

Extending Limitation Periods

Extension of Limitation Period For many, limitation periods tend to attract very little attention until the limitation period is about to, or has expired. Limitation periods are different for different causes of action and vary depending on whether Commonwealth law or state law is applicable to the cause of action. What is a limitation period? … Continue reading Extending Limitation Periods

Calderbank Offers in Litigation

Understanding Calderbank offers in litigation Litigation is expensive. The Court typically decides how the costs of litigation will be allocated after the trial. In most cases, the unsuccessful party in Court will then be required to pay the successful party’s legal costs. However, something known as a Calderbank offer could change this financial outcome. What … Continue reading Calderbank Offers in Litigation