In many transactions, site audit statements have become de facto certificates that a condition precedent or condition subsequent in an agreement has been satisfied (or not). Multiple parties often rely on a site audit statement, such as vendors, purchasers, financiers, directors and decision makers within a company. However, are these parties entitled to rely on…
In Australia, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has exposed remarkable failures in risk management, compliance and culture that have claimed the careers of a number of senior managers and directors and seen the threat of litigation. The underlying issues are not unique to the world of finance.…
The Timber Creek native title compensation appeals,[1] which were heard by the High Court in September 2018, are widely seen as one of the biggest test cases in Indigenous rights since Mabo. The High Court’s decision will set a precedent for calculating native title compensation under the Native Title Act 1993 (Cth) and will have…
