1619 results

ACCC takes first enforce­ment action under unfair con­tract” laws in the Aus­tralian Con­sumer Law

In Brief- Don’t be caught in the ACC­C’s crosshairs The Aus­tralian Com­pe­ti­tion and Con­sumer Com­mis­sion (ACCC) has start­ed to take enforce­ment action against stan­dard form con­sumer con­tract terms that it con­sid­ers to be unfair and unenforceable. Nation­al laws pro­scrib­ing unfair con­tract terms, includ­ed in the Aus­tralian Con­sumer Law (ACL), came…

Cor­po­rate gov­er­nance: High Court con­firms its pow­er to cor­rect direc­tors’ inno­cent mistakes

In Brief In a recent case the High Court has acknowl­edged that inno­cent mis­takes can hap­pen in rela­tion to cor­po­rate gov­er­nance and has unan­i­mous­ly con­firmed the breadth of the Court’s pow­er to cor­rect such mistakes. Wein­stock v Beck ([2013] HCA 14) con­cerned a fam­i­ly busi­ness, L W Fur­ni­ture Con­sol­i­dat­ed (Aust) Pty Ltd (LWC), and a share­hold­er appli­ca­tion…