13/9/2018

"To encourage excellence is to go beyond the encouraged mediocrity of our society" - Audre Lorde

Excellence is a core value for all of us at Integra. It is a value that applies across all aspects of our organisation, including selection of clients, matters and team members. As part of our commitment to quality service, Integra has been an approved quality practice under the Law Society of WA Quality Practice Standard and under the international standard ISO 9001:2015 (previously ISO 9001:2011) since 2011.

For our clients, the flow on benefits of QA certification come from the improved management systems, greater efficiencies, service, compliance and cross checking of processes against industry standards.

Integra is proud that we are now the only commercial and dispute resolution law firm in Western Australia with international accreditation and dual certification.

The Facts on Ipso Facto - when "by the very fact or act" is not enough.

Australia's new ipso facto regime came into effect as of 1 July 2018. The regime enacted in September 2017 through the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) amends the Corporations Act 2001 (Cth) providing for the operation of the ipso facto stay for certain corporate restructuring and insolvency procedures.

The reform is designed to improve the likelihood of recovery for companies experiencing trading difficulties by limiting circumstances where a counterparty can modify or terminate an existing contract based solely on the basis of an insolvency event or trading difficulties.

The new regime applies to contracts entered after 1 July 2018. Parties need to ensure that contracts entered after this date protect parties' rights in situations of default and comply with the new regime. Anti-avoidance provisions capture contract terms that attempt to circumvent the Act and limited exemptions apply.

How the Courts will interpret the new regime is yet to be seen. In the meantime, the potential implications for clients in the construction and property sector needs closer review.

If you have any questions or concerns about how these changes may affect your transactions, call Janette Tavelli and the Integra Team. Also, to see the full article on this topic see the link below.

Team at Integra

Meet the Integra Team: Michael Sonter

Prior to joining Integra Legal, Michael was a partner at Downings Legal for many years and subsequently worked at Pynt and Partners. He is also a Sessional Arbitrator at WorkCover.

Michael and his wife Gloria are keen overseas travellers. Most recent destinations have included San Francisco/Boston and Naples/Rome/Milan/ Venice, and is their ambition to continue exploring-so much more to see.

Michael likes to take advantage of Western Australia's outdoors, with interests including bushwalking, surfcat sailing and golf when time permits. He also enjoys music and film. After many years as dog owners, Michael and Gloria are minding their daughter's two cats and discovering the idiosyncrasies of the feline species. Now they know the meaning of the phrase "herding cats"!

Arise Racing Lap Challenge

Integra Legal is proud to be supporting its client, Arise Development, in this years Arise Racing Lap Challenge for Telethon 2018.

Arise racing will host a "Top Gear Style" Lap Challenge at Barbagallo Raceway. The Lap Challenge involves a private 20 lap drive around the raceway in a Radical SR3 Race Car with initial training and support.

The inaugural year of this event raised $50,000 dollars for Telethon. If you would like to partake in this fundraiser, please contact Arise racing at megan@ariseracing.com.au or phone 0402 771 776.

We are excited to see which member of the Integra Team has the skills behind the wheel!

DISCLAIMER: This newsletter was prepared by Integra Legal and we have taken great care to ensure the accuracy of the contents. However, the newsletter is written in general terms and you are strongly recommended to seek specific professional advice before taking any action based on the information it contains.