Breach of ACL
If the other party was tricked or deceived into entering into a contract they can
commence a legal action using the statutory provisions in the ACL which prohibit
misleading or deceptive conduct, false representations and other unfair practi
A lease is a contract with the property owner according to which the property
owner grants the business owner exclusive possession of the leased property in
return for the payment of rent and compliance with other obligations in the
It is possible for the director and the shareholder to be the same person, although in
larger companies there is a separation of ownership and control.
Separate legal personality: A company:
Can incur debts in its own name,
Can hold property in its own
If it is a company that is insolvent the relevant procedure is liquidation also known
as winding up under the Corporations Act 2001 (Cth).
The process is similar to bankruptcy, although there are some important differences.
Company is insolven
1. Negatively impact the pound (Foreign Investment)
AstraZeneca has rejected the $106 billion (62.5 billion pounds) bid to create the world's largest pharmaceuticals
business. However, Pfizer is still pursuing its British rival, and political pressure is