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Binding financial agreement family law

Binding Financial Agreements Family Law

Enforceability of Binding Financial Agreements in Family Law Introduction Binding Financial Agreements (BFA) in family law determine financial arrangements during and after a relationship. BFAs provide clarity and security regarding asset and liability division. However, their enforceability can be contested. This article explores the enforceability of BFAs and the conditions under which they can be …

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Family Law Act

Family Law Act Amendments

Family Law Act Amendments: Understanding the Impact on Clients and Practitioners On 6 May 2024, the long-awaited Family Law Amendment Act 2023 (Cth) came into effect. These significant changes to the family law jurisdiction reshape how courts, practitioners, and clients approach parenting proceedings with the aim of simplifying the legislation, improving access, and reducing delays. …

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protecting assets in a divorce

Protecting Assets from your Spouse in a Divorce

Divorce and separation can bring significant uncertainty, especially regarding the division of assets. Protecting assets from your spouse in a divorce or separation is crucial to ensure your financial stability. Under the Family Law Act 1975 (Cth), the Federal Circuit and Family Court of Australia have extensive powers to make orders affecting the property of …

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Responding to liquidator claims

Responding to Liquidator Claims

Responding to liquidator claims can be challenging, especially when you’re unfamiliar with the liquidator’s powers and the nature of their demands. Ignoring or dismissing these claims can lead to significant legal and financial consequences. This guide provides essential advice on responding to liquidator claims, helping you navigate the process and protect your interests. Understanding the …

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restraint of trade

Restraint of Trade in Settlement Deeds and Employment Contracts

The NSW Court of Appeal addressed important issues related to restraint of trade clauses in the recent case Creak v Ford Motor Company of Australia Ltd [2023] NSWCA 217. The decision provides valuable insights for enforcing non-compete and restraint of trade clauses, especially in settlement agreements. Case Background Michael Creak, who ran an authorised Ford …

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