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Monthly Archives

November 2022

24 November, 2022

Electronic affixing of seal of an owners corporation

It was always the case that the seal of an Owners Corporation needed to be affixed physically and in the presence of appropriate witnesses to comply with s273 of the Strata Schemes Management Act 2015 (NSW) (Act). In response to the COVID-19 pandemic and Government Public Health Orders, from 5…
17 November, 2022

Penalties in Loan Contracts

Introduction In the current inflationary market, lenders are changing the terms on which they are willing to lend money to both individuals and businesses.  For most borrowers, the key variable is interest rates. Can an interest rate under a loan ever be so high that a court will refuse to…
4 November, 2022

The doctrine of frustration in land contracts

The Doctrine of Frustration Frustration operates to bring a contract to an end in circumstances where an intervening, post-contract event has occurred through no fault of the parties, which makes a contractual obligation impossible to perform or transforms a contractual obligation into a fundamentally different obligation. Frustration in contract generally and…