June 2018 Newsletter
June 2018 End of Financial Year
TLFC hope you are having a strong end to the 17-18 Financial Year. This newsletter we take the opportunity to thank our peers for recognising TLFC as finalists in the LIV Victorian Legal Awards.
As we turn our minds to another strong year, we wish our clients another successful FY for 18-19!
Congratulations
Alan Goldstone OAM Alan Goldstone has been awarded the Order of Australia Medal for services to Jewish education and the law. Known to be hands-on and efficient, He is a highly experienced commercial lawyer, who encompasses excellent communication, negotiation and drafting skills and is committed to producing the best outcomes for his clients. Alan joins principal Frank Tisher who received the Order of Australia Medal last year.
An Award Winning Start to 2018
Tisher Liner FC Law are Award Finalists for the 2018 LIV Victorian Legal Awards for Law Firm of the Year (Medium Category). The team are recognised for their commitment to excellence and fostering lasting relationships with its clients.
We are honoured to be recognised by our peers for the contribution we have made to the profession and the broader legal community.
Nafsika Starvaggi (Palbas), We are pleased to announce Nafsika won the Lawyers Weekly 30 Under 30 Award in the category of Construction and Real Estate. Now in its sixth year, the 30 Under 30 Awards program recognises young lawyers striving for professional excellence within their specific practice area.
Firm Update
TLFC’s merger with Warlow’s Legal in March this year marked another leap forward in services for our clients to include Charities and Not-for-Profit Law, Digital and Start-Ups and Australia Israel Law. Over the past 2 years TLFC have also strategically extended its specialty expertise across Business Law, Property Law, Commercial Litigation, Owners Corporations and Family Law with several principals and associates now accredited specialists in their respective areas.
Tax Effective Giving – Charitable Distributions Through Discretionary and Charitable Trusts
A trust is an arrangement by which a trustee (individual or company) holds property ‘on trust’ for beneficiaries. With a discretionary trust, the trustee determines which of the beneficiaries will receive trust income and the timing and nature of distributions from the trust.
A charitable trust is a trust that operates for charitable purposes. In some instances, (depending on the terms of the trust) the trustee of a charitable trust can determine who should receive trust income, in line with the charitable purposes of the trust. This article looks at using discretionary and charitable trusts as a tool to maximise charitable giving, through tax effective means.
Insolvent Parties – Be Careful of Terminating Contracts
From 1 July 2018, the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) which amends the Corporations Act provides a restriction on parties terminating contracts due to insolvency events. Contracts that give a party the right to terminate if the other party is insolvent may become unenforceable during the period of the stay allowed under the Act.
Spotlight on Family Law
Tisher Liner FC Family Law established in 2015 and in just 3 short years has doubled in size. We welcomed Andrea Bunn into TLFC in early 2018. She has become a pivotal member of the Family Law team working closely with principal Aaron van der Heyden and special counsel Briana Kotzapavlidis. Andrea’s work on complex property matters and trust portfolios makes her an asset in the Family team where clients often require multi-faceted guidance.