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Created: Friday, March 28 2014 09:51
Employee claims generally have preferential status in a winding up. This preferential status theoretically gives employees a certain level of protection, however, employees are only protected in circumstances where the company has sufficient assets to discharge the monies owing.
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Created: Monday, January 13 2014 12:53
A retention of title clause is a clause in an agreement whereby a person selling goods seeks to reserve or retain the title in those goods until payment has been made for the goods.
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Created: Tuesday, September 24 2013 10:41
Typically, a Personal Guarantee in respect of a commercial lease provides that, in the event of a default of the principal tenant, the guarantor is obliged to enter into a new lease on the same terms and conditions as were contained in the original lease.
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