Commercial Law Assignment | Homework For You
QUESTION 1: Mike Excessive is a distinguished household lawyer and companion within the legislation agency, Leegall Lore & Associates (‘LLA’). Mike’s clientele primarily includes of excessive web value people concerned in giant and contested household legislation property disputes. A few of Mike’s rich shoppers have included names from Australia’s yearly ‘Prime 200 Wealthy Checklist’ journal. Mike lately acted for Rena Magnate, the previous spouse of billionaire mining entrepreneur Ron Magnate, in a really publicized and protracted household legislation property dispute. Consequently, Mike is extremely wanted and sometimes seems as a visitor on TV and radio discuss packages. Mike is a bachelor and has a ‘superstar like’ standing, and is continuously invited to unique social and sporting occasions. The companions of LLA take pleasure in having the ability to present beneficiant company leisure for a few of its choose clientele, in addition to for its total employees, notably on the finish of every 12 months.  LLA’s annual consumer billings (that are round $100 million yearly) be certain that it is ready to ‘spare no expense’ with such leisure, together with chartering a big, luxurious yacht, the MV Flash, from Glitz Cruisers for weekend journeys throughout December’s hotter season. Lately, Mike was approached by mega international legislation agency World Leg, to go away LLA and to move up the household legislation division of Phrase Leg’s new Australian operations. Receiving a most profitable provide that was too good to refuse, Mike resigned from LLA. The opposite LLA companions weren't proud of Mike’s sudden and surprising resignation. Fearing that a few of LLA’s shoppers might ‘observe Mike’ to his new agency, LLA’s managing companion, Jenn Glam, decides that it's best for LLA to attend a minimum of for a number of days earlier than informing the agency’s different shoppers and the general public at giant of Mike now not being with LLA.  Because of this, Mike’s particulars stay on LLA’s spectacular web site. Within the fortnight between his departure from LLA and graduation with World Leg, Mike decides to deal with himself and his girlfriend Yvonne to a couple days away. He's notably resentful concerning the animosity displayed in the direction of him by a few of his former LLA companions following his resignation announcement. Mike ponders concerning the excessively lengthy hours that he labored throughout his time at LLA, and the truth that his extremely profitable household legislation apply and his excessive profile generated different shoppers for LLA. Mike charters the MV Flash (with a full crew contingent together with a masseuse, private coach, physician and a Three-star Michelin chef) and he and Yvonne spend a pleasant week cruising within the Whitsundays. Upon his return, Mike is totally refreshed and able to begin his new position at World Leg. Jenn Glam and the LLA budgetary committee are shocked to obtain an bill from Glitz Cruisers for the sum of $200,000 for ‘LLA company leisure – Whitsundays’. Advise LLA as to the related company legislation problems with the above circumstances and their obligations (if any) to Glitz Cruisers. QUESTION 2: This query is separate from the query above. The ultimate report of the Royal Fee into Misconduct within the Banking, Superannuation and Monetary Providers Trade (also called the Banking Royal Fee and the Hayne Royal Fee) (‘the Inquiry’) and the federal authorities’s response had been made public on four February 2019. The ultimate report contained 76 suggestions designed to reform Australia’s banking, superannuation, insurance coverage and monetary recommendation sectors. Establish and focus on any of the suggestions made regarding insurance coverage. In your dialogue, you might be to additionally embrace any instance of an insurance coverage product / insurance coverage supplier that was reported within the media.   (10 marks)  Enterprise Legislation homework assist