Commercial and Business Solicitors
Our commercial and business solicitors provide expert legal advice to assist you in establishing, growing and protecting your business. Since the Australian corporate and business environment is highly regulated, it is crucial for your business to be protected by expert and timely legal assistance.
Citilawyers is one of the top commercial law firms in Sydney. We are based in the Sydney CBD and have proven experience representing small business, as well as larger firms across a diverse range of commercial interests. Further, we provide our business clientele with innovative, expert and timely advice alongside competently managed legal strategies. These should give your business the leading edge in today’s complex and constantly changing commercial environment.
Sydney Commercial Law Firm
At Citilawyers, we familiarise ourselves with your business so we can provide personalised advice to help your business succeed. Whether your requirements concern a commercial dispute, legal advice, documentation of your business, or simply putting your business’s legal affairs in order, our dedicated team will provide innovative approaches to work with you in realising your commercial goals. Our Commercial and Business advice is always competent, effective and cost efficient, ensuring that we provide your business with the help it needs. Moreover, we have experience in bankruptcy law including personal insolvency. We also provide experienced Sydney corporate insolvency lawyers and corporate bankruptcy solicitors.
In every employment environment, there is an outline of the rights and obligations of employees and employers within an award or an employment agreement. These are the fundamental protectors of the rights of employees. Employees should always be aware of the terms of such agreements so that they can ensure they are receiving all necessary benefits, and most importantly, receiving the correct amount of money for their work. Similarly, employers need to be familiar with the terms of awards and agreements to ensure that they are aware of what they need to provide for their employees (or receive from them), resulting in greater consistency and employee satisfaction. Furthermore, it is important that employers keep up to date with changes in the award rates and to award terms so that they may implement these changes into their workplace accordingly.
Our services include:
• Asset Protection
• Partnership and Shareholder Agreement
• Commercial Contracts
• Sales of Business
• Commercial Negotiations
• Corporations Matters
• Commercial Litigation and Disputes
• Commercial Leasing
• Initial Public Offerings (IPOs)
• Debt Recovery
• Mergers & acquisitions
• Employment Matters
Company Directors have a legal obligation to comply with certain fiduciary duties owed to the company. This includes duties to act honestly, properly use inside information or position, avoid conflict of interest and disclose material personal interests, not abuse a corporate opportunity, duty of care and diligence, and not engage in insolvent trading and keep proper accounts and records. Directors also have vicarious liability under the Competition and Consumer Act 2010, Occupational health and safety laws, environmental protection laws and taxation laws.
Directors should take the following steps in order to limit their potential Exposure to Personal Liability:
Obtain proper advice in respect of the primary legislation that applies to the activities of the company and the obligations that are imposed by the legislation on both the company and the directors, and
ensure that proper procedures exist and are followed in order to minimise the risk of the company breaching any of its liabilities, to minimise the risk of the directors becoming vicarious liable, and protections to be obtained from the company.
To protect himself from potential Personal Liability, a director should consider the following:
Require the relevant company to obtain Directors’ and Officers’ Insurance (D&O Insurance) to provide some protection to the director. Since the general law rule prohibits individuals from insuring themselves against criminal allegations, the coverage of D&O Insurance is limited. This is why, it will not cover certain conduct of the director. This includes breaches of duties owed to the company, conduct in bad faith and more.
Require the company to indemnify the director for losses suffered by the director in connection with acting as a director. Such an indemnity may be set out in the constitution of the company a separate Deed of Indemnity and Access.
Our lawyers can help you steer your way through commercial & corporate law and provide you with legal advice. Further, we are ideally located in the heart of the Sydney CBD. Contact our team today for all your commercial requirements.