A force majeure event is one in which circumstances arise that were not anticipated by either of the parties at contract entry.
Liquidation is a formal process of insolvency, in which the life cycle of a company is brought to an end.
The right kind of financial advice can really make a big difference. Financial advice can give you confidence that your future plans are achievable.
A subpoena is a legal document issued by a Court at the request of a party to a case. A subpoena compels a person to produce documents or give evidence at a hearing or trial.
The Surveillance Devices Act 2007 prohibits the recording of audio conversations without the consent of all parties unless it is reasonably necessary for the purpose of lawful interests.
The Australian Financial Complaints Authority or AFCA is an external dispute resolution scheme for consumers who are unable to resolve complaints with member financial services organisations.
A statutory demand is a document issued by a creditor. It requires a debtor company to pay a debt it owes; then it is open to the creditor to commence proceedings to wind up the debtor company.
In litigation process, a case (called suit or lawsuit) is brought before a court of law (having the jurisdiction) to hear the case, by the parties involved (the litigants) for resolution.
The loan agreement has specific terms that detail exactly what is given and what is expected in return. Once it has been executed, it is essentially a promise to pay from the lender to the borrower.