News

Fido and family law

21 Nov 2014

Couples separating in Australia sometimes find themselves wondering how might the Family Law courts deal with the family pet.

Failure to lodge annual reports results in court action

Three companies operated by Gina Rinehart are the subject of court action by the Australian Securities and Investments Commission (“ASIC”) for failing to lodge annual reports within four months of their end of financial year.

Is $1 billion enough?

17 Nov 2014

In a recent decision by the Oklahoma County Court Sue Ann Hamm, the former wife of Harold Hamm, founder of US oil producer Continential Resources and one of TIME Magazine’s 100 Most Influential People in the World, received a judgment in the parties’ divorce proceedings awarding her with cash and assets totalling over US$1 billion.

Clawback Provisions

17 Nov 2014

The Queensland Supreme Court has concluded that a clawback provision in an incentive deed (requiring the tenant to repay a proportion of the landlord’s fit out contribution and all rent rebates if the lease was terminated) was a penalty and therefore unenforceable.