Solution Library


Legal Advices to Shareholders of Plants N Plus Ltd

Question Part 1 Julie and Marcia are shareholders in Plants N Plus Ltd (Plants), a large, listed company. Between them they hold 400 ordinary shares. They are unhappy with Plants’ environmental record. At the annual general meeting, Marcia asks the board two questions on Plants’ minin ... Read More

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Legal Advices to Director of Plants N Plus Ltd Regarding Breach of Their Duties

Question Plants N Plus Ltd, a company listed on the ASX, is currently the subject of a hostile takeover from Anglo Brit Ltd. Prior to Anglo Brit's announcement, the market capitalisation of Plants N Plus is currently $100 million and its pre-takeover share price is $1.00. Anglo Brit has offered $1 ... Read More

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Legal Advices to XYZ Pty Ltd Regarding Executive Directors Breach of Duties

Question Tina Stone is the editor of and an executive director of XYZ Pty Ltd (XYZ) which publishes a free lifestyle magazine widely distributed in Melbourne. The magazine relies heavily on its advertising revenue. Tina became dissatisfied with her position in the company and decided to leave and s ... Read More

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Advice to Preference Shareholder of a Company Regarding Entitlement of Surplus Assets

Question Boran Ltd (Boran) is an unlisted public company. Its share capital consists of 500,000 fully paid ordinary shares issued at a price of $1.00 per share and 250,000 fully paid (non-redeemable) preference shares issued at a price of $2.00 each. The preference shares carry the following right ... Read More

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Advantages and Disadvantages of Fresh Ltd strategies to Raise Finance for Expansion

Question Fresh Ltd (Fresh) needs to raise finance for the expansion of its fresh food business. It is considering two options: a public issue of redeemable preference shares; and a loan from Strategic Finance Ltd (Strategic). If it proceeds with option (b), Strategic requires Fresh to provid ... Read More

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Legal Forms of Doing a Business in South Australia

Question Legal Forms of Doing Business You have decided to open a hamburger restaurant in South Australia. The location of your restaurant can be decided by you but it must be in South Australia.  You can also decide on your own name for your hamburger restaurant but you need first to de ... Read More

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Legal Obligations and Liabilities of Staff of Hamburger Restaurant

Question Employing Staff Your Burger Restaurant is now open.  It has been operating for 3 months. You have employed a number of staff. Ben: Hamburger Super Chef – He is a permanent employee. Carol – Casual waiting staff Donna – Casual waiting staff Eddie – Casual ... Read More

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Legal Obligations Relating to High Turnover of Customers in the Hamburger Restaurant

Question Dealing with customers Your burger restaurant is very, very busy and you have a high turnover of customers in the restaurant. Things are going very well. Your “Aussie Burger” with its special sauce is the most popular one on the menu.  One Sunday when you were not in, an ... Read More

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Legal Business Structure Currently Operating by Rachel and Stacey in Melbourne

Question Rachel and Stacey operate a busy café in Melbourne’s inner east.  They have been running the business together for 5 years and share profits equally. As the years progress, Rachel and Stacey notice that they do not have enough working capital to keep the café runn ... Read More

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Case Law or Statutory Civil Liability of the Directors of Vintage Dress in Relation to Breach of Contract Act

Question Tavid, Suzan and Dilara are the only shareholders and directors of Vintage Wedding Dress Boutique Pty Ltd (Vintage Dress) which sew and sell vintage boutique dresses.  Tavid, Suzan and Dilara each have one-third equal share in Vintage Dress.  You should note the following regard ... Read More

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Leo Rights as a Shareholder/Member of Thomas The Tank Engine Pty Ltd

Question Leo purchased two shares in Thomas The Tank Engine Pty Ltd for $500,000.  Thomas The Tank Engine Pty Ltd makes and builds trains which they manufacture and sell to retail stores.  Leo, now a non-executive director of Thomas The Tank Engine Pty Ltd, is unhappy with the state of af ... Read More

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Corporations Act Notice Procedures Regarding Shareholders Meeting

Question The Corporations Act provides notice procedures when a company calls a shareholders meeting. What are these notice procedures?  The Corporations Act also provides, that if these notices procedures are not followed strictly and there is no “substantial injustice”, the effec ... Read More

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