Topics: Litigation and dispute resolution

Caution needed with price reduction advertising

The recent Federal Court decisions of Australian Competition Consumer Commission v Jewellery Group Pty Limited and Australian Competition Consumer Commission v Jewellery Group Pty Limited (No 2) illustrate why caution is needed when advertising price reductions.

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The devil’s in the detail – Bank of Queensland Ltd v Chartis Australia Insurance Ltd [2012] QSC 319

Bank of Queensland Ltd (BOQ) held a FinancialGuard Professional Services Insurance policy (the policy) with Chartis Australia Insurance Ltd (Chartis). BOQ made a claim on the policy after proceedings were commenced against it by a third party for breaches of the Australian Securities and Investments Commission Act 2001 (Cth), Fair Trading Act 1989 (Qld) and Trade Practices Act 1974 (Cth) (the third party claim).

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Landlord liable for putting premises ‘in a state of utter devastation’

When a commercial tenant moves out, it is not uncommon for the landlord and tenant to come to an arrangement about the outgoing tenant’s make-good obligations that takes account of the incoming tenant’s fit-out requirements. For example, the parties will often agree that, instead of restoring the premises to their original condition, the outgoing tenant can simply make a financial contribution to the incoming tenant’s fit-out.

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A recent reminder of a property valuer’s obligations

On 20 March 2012, the Federal Court reiterated the legal principles to be applied in matters involving negligent, misleading or deceptive property valuations in the decision of Propell National Valuers (WA) Pty Ltd v Australian Executor Trustees Limited [2012] FCAFC 31.

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Problems with Will challenges involving small estates

Generally, an eligible person will succeed in a challenge to a Will if they have been left without adequate provision and they can demonstrate some financial need. Provision will not usually be refused except in exceptional circumstances, such as where there are minimal assets in the estate or where there has been disentitling conduct.

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