A recent Victorian Civil and Administrative Tribunal (VCAT) decision has provided welcome guidance on the right under Victorian law for tour operators to deduct overheads from amounts to be refunded to consumers for cancelled travel. Background Quinn v Hay Events Pty Ltd considered the obligation for an event organiser to [...]
We are increasingly acting in transactions where the purchaser is requiring that the vendor, or the vendors if more than one, continue to be employed in the business post settlement. This is a function of the knowledge oriented nature of today’s economy where value lies in intangibles such as specialized skills, [...]
At a time when the travel industry is facing unprecedented economic challenges, the decision handed down by the High Court on the 24th April in Moore v Scenic Tours Pty Ltd has the potential to further increase the financial risks associated with tour operating. Background The facts can be summarized [...]
COVID-19 is an unprecedented event that is likely to significantly disrupt businesses and the economy-at-large for the foreseeable future. The situation is extremely fluid and fast-moving. This disruption and the associated reduction of revenue will result in employers needing to make very difficult decisions about their workforces in the coming [...]
