The Victorian Supreme Court’s recent decision in Idameneo (No. 123) Pty Ltd v Deady [2013] VSC 727 (Idameneo) demonstrates that Victorian courts will look beyond pre-agreed liquidated damages clauses in commercial agreements to determine the adequacy of remedies available for a breach of a restraint of trade clause. Facts The most important facts of Idameneo [...]
The Victorian Supreme Court’s recent decision in Idameneo (No. 123) Pty Ltd v Deady [2013] VSC 727 (Idameneo) demonstrates that Victorian courts will look beyond pre-agreed liquidated damages clauses in commercial agreements to determine the adequacy of remedies available for a breach of a restraint of trade clause. Facts The most important facts of Idameneo [...]
An interesting postscript to the running of last year’s Cox Plate won by the 3yo colt ‘Shamus Award’ involved the claim by the Australian Taxation Office for payment to it of the $900,000 prizemoney. One of the two owners registered with Racing Victoria was Sean Buckley, founder of the Ultratune business, and whom the Tax [...]
