Most industries fear disruption, and for good reason. Kodak identified that the film business, where they made their profit, would be ruined by the digital camera, and Blockbuster, who made their profits on late fees, was brought down by online streaming. No industry is immune to the effects of disruption including the finance industry and continue reading
Employee share options and equity incentives can be powerful tools for attracting and retaining top talent, aligning employee and shareholder interests, and motivating employees to contribute to the success of a company. However, there are also potential disadvantages to these types of incentives that companies should be aware of when considering their use. One disadvantage continue reading
The Australian Securities and Investments Commission (ASIC) has taken the position that cryptocurrency investments are high-risk and speculative, and has warned consumers about the potential risks associated with investing in cryptocurrencies. ASIC has emphasized that cryptocurrencies are not legal tender and are not regulated in the same way as traditional currencies. This means that there continue reading
Employee share options and equity incentives can be powerful tools for attracting and retaining top talent, aligning employee and shareholder interests, and motivating employees to contribute to the success of a company. These benefits are particularly relevant in Australia, where the use of equity incentives has become increasingly common in recent years. One of the continue reading
Sajen Legal understands your need to draw on legal expertise from a trusted and experienced firm without worrying about being charged for every minute. So, in a move already turning the legal industry on its head, Sajen Legal has introduced Sajen Accord. Sajen Accord delivers a fixed fee, pro-active solution that is results focused and continue reading
A shareholder agreement is a contract made between two or more shareholders. It outlines the relationship between a company’s directors and its shareholders. It can cover matters such as new shares and sales of existing shares, the directors’ duties, codes of conduct and perhaps, most importantly, dispute resolution. For new businesses and startups, it’s often continue reading
Times being what they are, some businesses and industries are faring better than others. That statement will hold in most instances but 2020 has been particularly ruthless for some. Furthermore, the oft media touted ‘road to recovery’ is likely to leave more businesses facing potential insolvency into 2021 and beyond. Insolvency, in a nutshell, is continue reading
The hospitality industry is now clearly the first true financial casualty of the restrictions recently placed by the government on our usual way of life. The inability to gather in groups, social distancing and cancellation of events, conferences and the like was brutally swift and unexpected. It has had an immediate and direct impact upon continue reading
Telemarketing is an evolving industry. It has undergone tremendous changes over the years, necessitating adjustments with regards to policies and technological approach of the business. Among notable changes taking place around the globe is a more stringent approach to law enforcement. In Australia, the Australian Communication and Media Authority (ACMA) and the Australian Competition and continue reading
For telemarketers, making several calls a day is just a small part of the job. The challenge and the reward lie in successfully clinching a deal or generating potential leads for the organisation they represent. Enlisting the services of telemarketers bridges a wide gap between suppliers and their existing clients as well as potential new continue reading
The ‘make good’ clause can fast become a contentious area of any commercial lease agreement. For tenants, it’s easy to see it as a cash grab by landlords. A last-ditch effort to make the most of an exiting tenant. For landlords, it’s an utterly necessary clause that will ensure the tenant has a legal obligation continue reading
Any business would want to avoid the kind of punitive fines meted by the Australian Communication and Media Authority (ACMA) for breaching telemarketing guidelines. If you closely follow what has been happening, you realize that some companies in the renewable energy sector have paid dearly for going against the law. How did they get there? continue reading
Fresh building works always bring an air of excitement. Whether a new construction or renovations, resources have been gathered, plans have been made, planning and other obstacles cleared, the various teams arrive on site. And the vision of the new property, for commercial or residential use, gives a fresh air of anticipation for the future. continue reading
Terms of Trade are the terms and conditions on which a business sells goods and services to customers and on which they buy goods and services from suppliers. These terms form the basis for the trading relationships for all businesses. If a business is the supplier of goods or services then it should have written continue reading
Troy Maxwell, the managing director of Red Energy promotions recently shared his experience in building a national franchise from the ground up. In 2004 the internet was really starting to impact upon a business’s ability to reach their target clients through mainstream media. With the mass exodus to online promotions, Red Energy Promotions recognised that the continue reading
Article originally posted on LinkedIn. Disputes among company shareholders are not just common, they should be seen as almost inevitable. This is not to take a negative view of human nature but merely to state the facts. Management and strategy questions can be difficult. People often disagree on fundamental business choices. Work and personal life continue reading
Article originally posted on LinkedIn You and your partners are starting up a new company. It’s incredibly hard work. But the team is functioning seamlessly, filled with energy and ambition, everything is going great. So, when should you bring in counsel to start lawyering the financial and authority agreements among the partners? At Sajen Legal, continue reading
The answer to the question “How do you determine if a company is insolvent?” is important because there are serious consequences for a director if debts are incurred after the company has become insolvent, including civil penalties, compensation proceedings and criminal charges. However, it is often difficult to know when a company has crossed the continue reading
Did you know that company directors may potentially become personally liable for unremitted Pay As You Go (PAYG) deductions, Superannuation Guarantee Charges (SGCs) or Goods and Services Taxes (GST) – and WET and LCT? The Australian Taxation Office (ATO) has significant powers to recover a company’s unpaid liabilities personally through its directors and may issue continue reading
A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). The effect of incorporation gives the company a separate entity, distinct from its directors and shareholders. It can enter into contracts, sue and be sued in its own right. The Australian Investment and Securities Commission (ASIC) is the Government body authorised continue reading
