A Bordeaux wine estate’s recent injunction claim against a Tasmanian winemaker has produced a rich blend of intriguing information about the international wine business and Australian wine consumption. Vieux Château Certan produces two types of expensive French red wine using various high-end grapes. It sued Australian brand Pipers Brook Vineyard, a company majority owned by […]
Veröffentlicht am 20.03.2024 um 00:31:20 Uhr
- Kategorie: Misleading conduct
- Autor: Peter Carter
A property developer who signed up the $4 million buy of a 52 acre development site in Rockbank, in Melbourne’s outer west in August 2017 has stumbled at the finish line when it failed to have finance available to settle 5 years later. The contract required VS Property to settle with sellers Nick and Sherryn […]
Veröffentlicht am 18.03.2024 um 22:12:35 Uhr
- Kategorie: Property development
- Autor: Peter Carter
Investors who defaulted on a rent roll buy have been ordered to pay more than $200,000 for the disruption caused to the seller by their last-minute refusal to settle. Babstock Pty Ltd sold its $800,000 residential management portfolio to Marburg Investments Pty Ltd – of which Dorothy Marburg was the sole director – in December […]
Veröffentlicht am 18.03.2024 um 10:58:09 Uhr
- Kategorie: Rent roll
- Autor: Peter Carter
A private lender’s interest rate of 417% has been ruled to be “utterly crushing” but a court has approved its 70% per annum rate on a $430,000 six-month loan. Connie Huang and her adult daughter Stephanie Chien applied for a “cash flow funding” loan in October 2019 through a website controlled by broker MaxFunding. They […]
Veröffentlicht am 17.03.2024 um 03:04:31 Uhr
- Kategorie: Penalty
- Autor: Peter Carter
A neighbour spat over trees and a dividing fence dispute that drafted not one but two Supreme Court duty judges into the the courtroom for an urgent weekend sitting has been listed for a final hearing just over three weeks after the court proceedings were filed. Rhonda Slattery’s residential lot – in picturesque Davistown near […]
Veröffentlicht am 12.11.2023 um 00:40:37 Uhr
- Kategorie: Fences and boundaries
- Autor: Peter Carter
Landlords and tenants squabbling over make good costs in commercial leases should consider this dispute relating to an industrial warehouse leased to a heavy machinery hire company. Kingston Industries took up occupation of the western Sydney premises in August 2010 and after its lease extensions expired in July 2017, it continued occupation on a month-to-month […]
Veröffentlicht am 11.11.2023 um 04:12:58 Uhr
- Kategorie: Commercial, retail & industrial leasing
- Autor: Peter Carter
How often do real estate agencies get their hands on a commission from a deal that goes sour and how rarely does that turn out to be a motza? Consider this real estate deal that crashed in 2020 but nevertheless reaped a $1.5 million commission for the agent concerned. In January 2018, tourism group Sunshine […]
Veröffentlicht am 08.11.2023 um 22:04:10 Uhr
- Kategorie: Agency practice
- Autor: Peter Carter
The Australian Consumer Law scheduled to the federal Competition and Consumer Act applies to corporations engaged in trade or commerce. The Australian Consumer Law (Queensland) adopts the federal Act and applies it to non-corporations engaged in trade or commerce by operation of the state’s Fair Trading Act. Similar laws in other states likewise apply the […]
Veröffentlicht am 06.11.2023 um 12:36:42 Uhr
- Kategorie: Busines sales
- Autor: Peter Carter
A business owner who provided potential buyers with impressive financial accounts that differed from the loss-making figures he had filed with the ATO has been ordered to refund the purchaser $2,150,000 of the buy price as a consequence of the misleading financials. In early 2018 Bing Hu and Cindy Qiu were investigating the potential purchase […]
Veröffentlicht am 22.09.2023 um 00:20:36 Uhr
- Kategorie: Busines sales
- Autor: Peter Carter