A restraint of trade is a contract, or a covenant, in which “a party (the covenantor) agrees with any other party (the covenantee) to restrict his liberty in the future to carry on trade with other persons not parties to the contract in such a manner as he chooses.
Perth Airport’s effective seizure of Virgin Australia’s aircraft in Perth raises an interesting scenario should a priority dispute eventuate. Perth Airport is reported to have asserted liens over four planes as security for outstanding debts said to be owed by Virgin. Assuming Perth Airport is entitled to do so, what are the implications for not only the Administrators of Virgin, but other parties that may have an interest in those planes such as financiers and lessors?
Wen Wu practises in intellectual property, including copyright, patents and trademarks. On 31 March 2020, Wen delivered a presentation to the University of NSW on recent cases on intellectual property injunctions and damages. Read more to view the full presentation.
The principle of ‘force majeure’ in connection with the COVID-19 pandemic.
It all seems so obvious, doesn’t it? But is it really?
What does the COVID-19 pandemic mean for force majeure?
In October 2002, the Society of Construction Law in the UK published a statement, called the Delay & Disruption Protocol, which suggested both procedures to reduce, and ways to avoid, disputes emerging from delay and consequent associated costs (for delay, disruption, and for acceleration) which plague the construction industry.
Ipso Facto clauses can be found in most commercial contracts. They have a useful and important role in reducing the risk of the effects of insolvency. However, as of 1 July 2018, the amendments to the Corporations Act 2001 (CA) by the Treasury Laws Amendment (2017 Enterprise Incentives No 2) Act 2017, means that, as far as companies are concerned, ipso facto clauses have effectively been neutralised. Which gives rise to the question: what do we do now?