Author: Fotini Kypraios

Business Succession: Find Your Collaborative Advisory Tribe

We all know the statistics about the pending tsunami of baby boomer founded businesses needing to either transition to the next generation or otherwise find buyers in the coming decade. It’s coming like a freight train. So, how do you get your business ready for your exit? Do you want to literally exit or only hand over operational control? Will you hold on to the … Continue reading Business Succession: Find Your Collaborative Advisory Tribe »

Sign Here..

For a document to be legally binding, it needs to be validly signed. Certain laws have been amended during the COVID-19 pandemic to provide for electronic signing of documents, including via audio-visual means, however the rules are not consistent and some of these changes have expired. The reality is that we are vulnerable to snap lockdowns, which means we can’t always sign documents in person. … Continue reading Sign Here.. »

Prisma Legal becomes a B Corp ™

Just after celebrating  its 3rd anniversary, Prisma Legal is super proud to announce it has earned B Corp ™ certification, becoming one of only four legal firms in Australia to do so. There are over 3000 B Corp™ globally, from 60 countries and operating in around 150 industries. In Australia and New Zealand there are around 250 B Corps™. B Corp Certification requires a holistic … Continue reading Prisma Legal becomes a B Corp ™ »

Retail Leasing Update

Retail tenants and landlords listen up! Changes to the laws governing retail leases in Victoria came into effect this week that impact you. The Retail Leases Amendment Bill (‘the Bill’) amends key aspects of the Retail Leases Act 2003 (‘RLA’) and Building Act 1993 (‘Building Act’). The below amendments are effective from 1 October 2020, except for those regarding essential safety measures which came into effect … Continue reading Retail Leasing Update »

Top 7 Considerations for the Preparation of an Effective Estate Plan

Putting an estate plan in place is one of things business owners often push to the side for “another time”. In reality however, having a strategic estate strategy in place is the only way you can ensure that everything you’ve worked so hard for is secure and that your wishes are carried out. We’ve explained the Top 7 Considerations you need to prepare your estate plan … Continue reading Top 7 Considerations for the Preparation of an Effective Estate Plan »

Landlords and Tenants in Lockdown: Revisiting Commercial Rent Relief

Commercial Tenants and Landlords find themselves in lockdown once again in Victoria. The second round of Stage 3 lockdown restrictions have brought increased pressure to bear on businesses that have been forced to once again shut down or significantly reduce their ability to generate revenue, potentially affecting the ability of some to financially survive this pandemic. As previously reported in our News Hub ( https://www.prismalegal.com.au/victorian-regulations-commercial-leasing-rent-land-tax-relief/ … Continue reading Landlords and Tenants in Lockdown: Revisiting Commercial Rent Relief »

Unlocking the Economic Impact of COVID-19: Business Support Deadlines Imminent

  The economic impact of COVID-19 is now set to be more devastating with the reintroduction of lockdown in Victoria, which has again forced businesses to either close or drastically limit capacity and service offerings. Given that the economic and legal measures the government has taken in recent months are due to expire at the end of September, the scene is set for the perfect … Continue reading Unlocking the Economic Impact of COVID-19: Business Support Deadlines Imminent »

Prisma Legal & Monash Law Clinics Collaboration

We are excited to announce Prisma Legal has joined forces with Monash University Faculty of Law with our Principal Lawyer, Fotini Kypraios, supervising  the 2020 Monash University Startup & Innovation Law Clinic. After a successful pilot of the Startup and Innovation Law Clinic in 2019, which Prisma Legal was also a part of, Monash University has again offered the opportunity to final year law students … Continue reading Prisma Legal & Monash Law Clinics Collaboration »

Directors, Time to Look Out Before Solvency Relief Expires

We’re half way through government relief protecting directors from the consequences of insolvent trading. Further to the extension of Safe Harbour measures provided by the Federal Government, which were intended to shield directors from the impact of COVID-19 (see our article published on 3 April 2020 in the News Hub), the Coronavirus Economic Response Package Omnibus Act 2020 (Cth) (CERPO Act) grants temporary immunity to directors from … Continue reading Directors, Time to Look Out Before Solvency Relief Expires »

Staying Connected is not Monkey Business

The classic Barrel of Monkeys is not just about fun and games. Believe it or not, it’s about collaboration, connection and trust.  Victory is only possible by keeping all the monkeys connected. COVID-19 has shown us that there is nothing more important than connection in business and in our personal lives. The global pandemic has turned the world upside down. Literally. The financial impact has been … Continue reading Staying Connected is not Monkey Business »