Australia

What governance mechanisms should General Counsel look to establish between the board and C-level executives in order to best manage officer reporting and liability – particularly in areas such as risk management, cybersecurity, and technology?

The directors of the company must be aware of their duties under the Corporations Act 2001. In Australia, the directors are vicariously liable for a company’s actions or omissions in certain circumstances. Whenever a company has been managed responsibly by a director, he or she will not be liable for the debts of the company. […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

How does your firm work with General Counsel in making sure the board fulfils its duty to monitor—not only in terms of addressing director liability problems as they emerge, but also in proactively minimising the risk of future events?

We would initially assist General Counsel in developing an effective Corporate Governance framework that would allow the board to manage the business without impacting on business development. This would involve actions such as development of corporate codes of conduct, internal employment policies, and review of the company constitution. We would also make sure to set […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

What are the top three things to consider in Australia with regard to director liabilities / reporting to the board?

01. In Australia, there are separate jurisdictions for each state and territory, as well as the commonwealth jurisdictions which govern the whole of Australia. It is important for individuals or companies to understand that law and regulations may be different depending on which state or territory they are residing or trading in. 02. Changes to […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

Ross Koffel was pleased to welcome to their Sydney office, an IR Global colleague, Dominic Wai, of ONC Lawyers in Hong Kong

Ross Koffel was pleased to welcome to their Sydney office, an IR Global colleague, Dominic Wai, of ONC Lawyers in Hong Kong. Dominic was on a work related visit to Sydney, and took the time for a brief visit before heading home. They discussed the opportunities for work exchange, along with promotional ideas that are […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

Goldrick Farrell Mullan Lawyers joins IR as the exclusive Insurance Law Member in Australia

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce David Farrell of Goldrick Farrell Mullan Lawyers. David has joined IR as our exclusive Insurance Law Member in Australia.   “Goldrick Farrell Mullan Lawyers was established in 1988 and has grown into a leading edge boutique law firm with offices in key population […]

Blakely Global joins IR as the exclusive Commercial Arbitration Member in Australia

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ed Blakely of Blakely Global. Ed has joined IR as our exclusive Commercial Arbitration Member in Australia. “Good urban outcomes are not a negotiated compromise but an artistic creative collective problem-solving. This is what I do for urban and rural spaces all over […]

Notification to business owners: A Mandatory Data Breach Notification Regime comes into effect on 22 February 2018.

As part of the Privacy Amendment Act 2017, the NDB scheme sets out obligations affecting businesses and not for profits with annual turnover of $3 Million or more; government agencies and some small business operators such as:  private health service providers, those that trade in personal information such as mailing lists, Tax File Number recipients, […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

DIGITAL CURRENCY EXCHANGE PROVIDERS – YOU WILL NEED TO BE REGISTERED FROM APRIL 2018!

IMPORTANT COMPLIANCE WARNING: Australia is introducing new amendments to the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 to regulate digital currency providers in Australia and the new laws are expected to be in effect from 1 April 2018. These amendments would introduce the Australian Government’s new measures to regulate digital currency exchange providers in Australia. These […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

IR Digital – Ross Koffel of Koffels Solicitors and Barristers

Ross Koffel is IR Global’s exclusive Corporate Law and Real Estate member in Australia.  Ross is the Principle, Legal Practitioner Director and founder of Koffels, firm supervisor and senior commercial practictioner.  “Having spent a significant part of my working life running a large business, and now maintaining a variety of independent board positions, I know […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers

Australia recognises same sex divorce; as well as same sex marriage.

“Same sex marriage in Australia, also now recognises same sex divorce.  If you previously married in another jurisdiction you can now have recognition of, or file for divorce in Australia.  With an extensive global network, Koffels Solicitors & Barristers, Sydney,  can assist with both your family law concerns, and any cross-border property settlement if required.  […]

Ross KoffelPrincipal, Koffels Solicitors & Barristers