FAQ

Yes. A shareholders’ agreement provides clarity on control, decision-making, exit mechanisms and dispute resolution, helping to reduce risk if relationships deteriorate.

Yes, in certain circumstances. Under the Corporations Act 2001 (Cth), directors owe statutory duties, and breaches may result in personal liability.

In many matters, parties are encouraged or required to attempt alternative dispute resolution before litigation, failing which cost consequences may apply.

Generally no. Limitation periods apply to most claims, and failure to act in time may bar proceedings.

Potentially yes, subject to evidentiary rules concerning authenticity, integrity and admissibility.

Potentially yes. Overseas assets may be affected depending on jurisdiction and international cooperation.

No. Certain debts, such as fines and child support, generally survive bankruptcy.