ADVERTISING REGULATIONS

As compensation lawyers, we are not to advertise personal injury and compensation legal services in NSW and QLD due to the operation of relevant law- unless we are providing legal advices to our existing clients.

To proceed to the rest of the website, please choose from the 3 options below.

Alternatively, at any time, you may email your enquiry to info@wangs.com.au or call us on 9797 8688

Joint Ventures, Partnerships and Co-ownership Structures

Individuals and companies may wish to combine their resources and knowledge for a business operation, especially as many modern business ventures require a very large skill ser.  Unfortunately, many people find they lack the knowledge of the legal and tax situation this entails. An accurate understanding of the law and tax system is essential for setting up any combined company operation. We strongly recommend legal advice before undertaking any joint ventures or partnerships.

 

Considerations for any combination business ventures.

  • Agreement of goals of all parties.
  • How the combined venture can be dissolved
  • Liability of the participants.
  • What each party is contributing to the operation
  • Flexibility if situations change
  • Profits and costs
  • Debt, as partnership can be entered into for the sake of a loan
  • Tax, as one entity or as several
  • Ownership of developed ideas/technology/patents/real estate/ customer markets

 

There are two regimes applicable to recognising and enforcing foreign judgments in Australia. The Foreign Judgments Act 1991 (Cth) and the Foreign Judgments Regulations 1992 (Cth) provide the statutory regime. If the statutory regime does not apply, foreign judgments in Australia must be enforced under the common law principles for the enforcement of foreign judgments.

Since China is not a jurisdiction in which the abovementioned statutes apply any judgement from a Chinese courts’ can only be enforced in Australia under the common law, and only when certain conditions are satisfied.

 

Abraham Gang Sun, our principle solicitor, possesses rich experience in this area of law. He acted for clients to enforcing a judgment given by District Court of Tianjin and Guangzhou.

Please do not hesitate to contact us if you have any issues in this regard. Our specialist expertise can provide you with reliable and personalised solutions aiming at achieving the best possible outcome at the most reasonable costs.

You can contact us through:

Tel: (02) 9267 1112

Fax: (02) 9267 1113

Email: info@wangs.com.au

Address: Office 2202, Level 22, 31 Market Street Sydney NSW 2000