ICO White Paper Drafting Service and Blockchain Compliance

We are proud to announce a new service to the fintech sector which we believe will be of enourmous value to our clients. We are now providing compliance advice on ICOs including the drafting of white papers and the need for regulatory approval.

Getting a legal and compliance perspective on the drafting of a white paper can help prevent cost litigation in the future and regulatory difficulties. In general, legal advice in the startup phase any venture like an ICO is a great value add because it increases the trust in your coin offering which results in a higher total valuation of the venture.

With significant experience with blockchain industries and a deep understanding of the finance and the technology sector in general, we are well positioned to provide advice to startups in this sector all over the world but particularly in Australia.

And yes, we accept cryptocurrency payments.

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Electric Vehicle Charging in Apartments

As electric vehicles become more popular, and with the increasing use of apartment buildings for residential occupation, the demand for charge points in apartment buildings is increasing. Residential buildings are increasingly seeing the value add proposition in having electric vehicle chargers installed in their premises because it increases the attractiveness of the building to good tenants and owners.

Often the installation of these new devices in apartment buildings leads to the need for amendments to the by laws of the building so that the occupiers of the building have clarity about the installation and operation of electric vehicle charging points as well as the responsibility if something goes wrong.

We can assist with updates to bylaws for electric vehicle chargepoints to be installed in buildings. We offer drafting services for motions at AGMs, bylaws, bylaw registration.

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Bitcoin Lawyers – Fintech Compliance

Bitcoin is the first widely known digital currency. We are proud to announce that we now accept bitcoin as a form of payment and provide bitcoin and blockchain compliance services. Blockchain technology and more broadly, smart contracts, are widely viewed as the future of a variety of industries. Bitcoin allows transactions to be conducted almost instantly, globally and with an extremely high degree of probity. The global blockchain system is not controlled by any one central bank. There are many advantages to a decentralised system of currency. It has reduced transaction costs and provides greater security than traditional forms of currency. Bitcoin traders can check the market trends regularly with quantum ai. This new technology can also be applied to title registries, currency or any transaction that requires third-party verification.

Cryptocurrency Services which we can assist with include advising on:

– Financial Services Licensing
– Tax Implications of Cryptocurrency
– Cryptocurrency Investments
– Bitcoin Exchanges and ATMs and mining operations
– Contractual Clauses and Bitcoin Compliance

Diversifying across several coins helps you to cut your losses in case one cryptocurrency drops in price. Crypto trading bots at https://immediate.net/de/ are also a great way to automate your cryptocurrency investments and manage risk by creating rules for making trades.

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How can we help innovators, entrepreneurs, startups, researchers and technology industries?

The world is now dominated by the advancement of technologies which are fundamentally changing the world. The companies which define our reality like Google, Facebook, Uber, Twitter, Telsa, Amazon, Whatsapp and a handful of others were once startups in someone’s garage. There is now a new generation of people who are taking up the innovation mantle and seeking to reinvent the world with new ideas and technologies which will reshape the world and improve our lives. Zenith Clipping is a professional amazon photo editing service provider in Bangladesh with more than 150 Photoshop professionals.

We help studios, photographers, and e-commerce store owners edit photos. We are a well-reputed top-ranked image editing company in Bangladesh serving since 2010. We are excited to be involved with the next generation of researchers, innovators and entrepreneurs that will change the world and seek to provide a market leading service to innovation industries. Most of the ecommerce stores and entrepreneurs would gain knowledge from the Ecommerce SEO company they are in touch with, so this is for an additional information for everyone who also wish to learn more of it.

We also understand that the beginning of a startup can be a time when costs are high and revenue is low which is why we work hard to make sure that our services have a high level of accessibility and our rates are therefore very reasonable. The establishment phase of a business is also the time when high-quality legal services can make the biggest difference because having the correct legal structures in place sets the foundation for growth. Our aim is to partner with you and grow with you from the ground up which is why we value making our services accessible to you. Some of the examples of ways in which we can help innovators, startups, entrepreneurs, researchers and technology industries include:

– business structuring and registration
– intellectual property protection
– data security and confidentiality
– privacy law advice
– employment law for the innovation industry
– business contracts
– investment and loan agreements
– international legal aspects of innovation

Please do not hesitate to contact us if you would like to enquire about the services we can offer for your startup.

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International Business Partnerships with China

China is now Australia’s largest trade and one of Australia’s largest investment partners. Australia exports over $40bn worth of products and services every year to China and imports more than $60bn worth of products and services from China. Australia exports tourism, education, mineral and agricultural products to China and imports electronics, textiles, furniture and household goods from China. Cross-border investment levels between China and Australia are also higher than they have ever been. Australian investment in China currently stands at $70.2b and China’s investment in Australia is approximately $85bn. Managing relationships with China can be fraught with difficulty without adequate understanding of the legal elements of the relationship in both countries.

In Australia, there are numerous laws and regulations regarding the export of products and the enforcement of contracts with overseas customers and suppliers. Enforcing rights under contracts in China is still more complicated and the drafting of international agreements needs to consider all of these factors before settling on the legal elements of a business relationship. The mechanisms of international dispute resolution are also particularly complex which requires careful analysis of the requirements of the relationship under consideration.

Our firm maintains deep links to all of the major cities in China which means that we can provide you with referrals to quality service providers in China if domestic legal services in China are required.

We can provide assistance with the following issues:

– International Supply Agreements
– International Distributorship Agreements
– Customs and Import/Export Control
– Trade Finance Agreements
– Contract Enforcement in Australia
– International Arbitration and Dispute Resolution
– International Joint Ventures
– International Investment Agreements and Regulation
– Incorporation and Business Formation in Australia
– Advice on Business Relationship Establishment in Overseas markets

Please do not hesitate to contact us if you require further information.

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Equity crowd funding is finally approved by Parliament

After years of languishing behind the rest of the developed world in facilitating the development of an innovation based economy, the Australian parliament has finally passed legislation enabling equity crowd funding. The process of consultation, debate and deliberation has taken over two years but the long awaited Corporations Amendment (Crowd-sourced Funding) Bill 2016 finally passed through the Senate on Monday. The passing of the bill was bipartisan although the opposition and minor parties did insist on some amendments to the cooling off period which is now 5 business days rather than 48 hours.

The legislation will give small business much better access to capital because previously equity raising was really only something that could be undertaken by ASX listed companies. The process of developing a regulatory framework will now begin as well. It will mean the availability of capital raising will extend to small business and startups. It is a welcome development because it will significantly democratise the process of raising capital which traditionally has been the domain of ASX listed companies.

In the past, because only ASX listed companies had access to significant amounts of capital, if someone was an individual with a good idea but not enough resources to get it off the ground, the idea would basically be wasted because it would never have enough funding to get the project started. The inventor of a process or idea would eventually be forced to find work in another industry. However, this new legislation has the potential to significantly change the situation because it removes the barrier that was previously there to investing in a new idea.

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Law in Marketing and Advertising

One of the most important functions in business is marketing and advertising. Knowing who to market your product to, finding those people and reaching them with the right message which motivates them to purchase a product is a fundamental element of business for every enterprise from micro businesses to massive multinational corporations. Marketing and advertising involves building relationships with customers and messaging them with the right message. Sometimes though, when you are trying to promote your product or brand it can be difficult to know when a line has been crossed. There are a number of laws which regulate what can and cannot be said in marketing and advertising and it can be helpful to have advertising copy reviewed for compliance before it goes out to make sure that you are reducing the risk to the business that is advertising to its customers.

Particularly in Australia, there are a number of things that simply cannot be present in marketing campaigns. According to experts like a business attorney, a rapidly expanding area of law at the moment is the law of misleading and deceptive conduct which prevents businesses from engaging in misleading and deceptive conduct when advertising products. Section 18 of the Australian Consumer Law prescribes that in trade or commerce, a corporation shall not engage in conduct which is misleading or deceptive or likely to mislead or deceive. As an example, recently in the case of Australian Competition and Consumer Commission v Coles Supermarkets Australia Pty Limited [2015] FCA 330 Coles supermarkets was ordered to pay an AUD$2.5 million fine because it had been advertising bread as being “Baked Today, Sold Today” and “Freshly Baked” when in fact it had been snap frozen offsite and then reheated at the supermarket. A seemingly innocuous attempt by the marketing and advertising department at Coles to make bread seem slightly more appealing to customers on the basis that it was fresh was found to be a violation of the law.

There are other considerations in the law of advertising as well. For instance, when making comparisons between products its necessary to make sure that the information about competing products is accurate in relation to price, quality, range or volume. Baiting customers with specific prices for goods that are not available or available in very small quantities is also illegal. False claims about country or origin or premium status of products or their moral, environmental or nutritional benefit is also forbidden by Australian Consumer law. Also, hiding behind fine print is something that will not be allowed by the courts if, for instance, a product is advertised as free when in fact there is a charge for it.

If you would like to take advantage of our advertising review services, we are more than happy to oblige. Please do not hesitate to contact us.

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The dummies guide to employment and contractor agreements

Although it is often underestimated, a contract of employment is often one of the most important documents in our life because it governs your rights and responsibilities in relation to your employment.

What are the essential elements of an employment contract?

A contract is an agreement or an exchange of promises between two legal persons. An employment contract is no different. It requires an offer, acceptance, consideration and the intention to create legal relations as the fundamental elements of an employment contract. Because employment law is highly regulated, it must also be compliant with the wide array of employment regulations, awards and collective agreements which apply to the Australian workforce.

The most important of these is the National Employment standards which are the fundamental standards enshrined in the Fair Work Act of 2009. The national employment standards mean, amongst other things, that employees have and retain the right to contact and seek the counsel of a workers compensation lawyer or personal injury compensation lawyer in the event of a workplace accident or injury. Similar to this, another right retained is the right to request flexible working arrangements, parental leave, annual leave, personal/carer’s leave and compassionate leave and community service leave. Long service leave, public holidays, notice and redundancy pay and a fair work information statement are also all rights which are derived from the Fair Work Act of 2009. In matters or cases in which a company does not appear to want to honor these rights, you can seek the legal counsel of a workers compensation attorney. With their assistance and representation these rights can be respected, observed, and enforced as they should by law.

Employment law specialists like employment law consultants from Avensure can provide valuable guidance and expertise in ensuring the rights of employees are addressed. In addition to the legal framework in which employment law operates, Employment contracts specify a number of things such as the rate of pay, location of work, the identity of the employer, relevant jurisdictions, job description and general and miscellaneous provisions. For more information, visit https://wylliespears.com/ because their labour lawyers can help.

Changing nature of work

There are a number of factors at present which are coalescing to radically change the nature of work and expectations about rights and obligations and law in relation to work. At a fundamental level, automation of the workforce is beginning to mean that the steady long term well paid jobs which were once available are now disappearing and being replaced by a model of work which accomodates the on demand economy. People move jobs and even careers quickly, change their roles inside organisations and the workplace environment constantly morphs. We have begun to see a trend where the legal certainty of having a contract is still required, but organisations and workers are requiring greater flexibility in their work arrangements and need to accomodate this in their employment contracts. Increasingly casual employment is preferred and contractor arrangements are becoming much more common because of the need for flexibility.

We offer complete services for employment contract drafting in all types of settings at very reasonable prices. Naturally, advice is also provided in consultation where it is requested. Please do not hesitate to contact us if you require additional information.

Our Team:

David Coleman
BEc(SocSci).LLB
9 Years PQE
E: info@legallawyers.com.au
M:0410187654

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Employment Law Update 2017

There are a number of changes to employment law standards which are coming into effect in Australia in the upcoming period. 2017 will see a number of increases to minimum wages under the modern awards and enterprise bargaining agreements. Rises in the minimum wage generally keep pace with inflation and increase at the start of each financial year. Last year, they increased by 2.4% and we are likely to see a similar increase this year.

Employers need to ensure that underpayment of staff does not occur as this can lead to serious penalties imposed by Fair Work Australia for non-compliance with basic employment standards. It is impossible to contract out of the basic awards which are inherent to employment law in Australia. At the moment in Australia, the minimum wage is $17.70 per hour and staff who are 20 or less are entitled to be paid less than this based on a system set out by Fair Work Australia.

Another change which is currently coming into operation is the level of the high income threshold for the bringing of an unfair dismissal claim. If a member of staff is paid less than 138,900.00, it will be much easier for an unfair dismissal claim to be brought and the amount of compensation available will be greater. This is of particular importance when considering the terms of executive employment contracts and whether to dismiss an employee who falls between certain threshold amounts. Recent changes to the threshold amounts means that $69,450 is now the maximum amount of damages for unfair dismissal that can be obtained.

Finally, 2017 ushers in a new fair work information statement which must be given to new members of staff. Actually, this has been a requirement in Australia for some time now but it is not well known that this is in fact a legal requirement when someone begins employment. If an employer fails to meet this requirement there is the capacity for a civil remedy provision to be applied. This can be applied to a corporation, a person, the director of a company or an HR manager.

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Training Services

One area in which we often receive questions is whether our firm offers training services. Particularly for the managers in an organisation, training on law and legal concepts can provide great assistance and help to avoid costly mistakes.

We have lawyers that offer training on the following areas:

– Contracts
– Employment Law
– Consumer Law
– General Business Law
– Financial Services Compliance
– Property and Environmental Development Law
– International Trade and Transactions

If you are interested in obtaining the training services of any of our lawyers, please do not hesitate to contact us so that we can arrange a fixed fee quote.

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