Michael Bacina

Smart Contracts in Australia: just how clever are they?

Smart Contracts in Australia: just how clever are they? Professionals in practice today live in a world of ongoing disruption. As automation, artificial intelligence and blockchain technology assists in reducing the costs of business transactions and increases the reliability of record… Continue Reading →

Clarity in contracts a critical criteria

The Port Macquarie- Hastings Council has found out the hard way that an unclear contract clause, which presumably arose from an absence of proper contract drafting and review, didn’t deliver any savings in the long run. The Court of Appeal has reaffirmed… Continue Reading →

The 4 biggest security issues you need to understand before buying cryptocurrency or tokens

Cryptocurrencies are finally getting significant press coverage as their prices rise and create huge gains for early investors. But there are some key security issues that any investor needs to consider before getting into this market. How big is this… Continue Reading →

Dash it! USD$7.9M diverted from Coindash Token Sale by hackers 3 minutes into the sale

An unexpected hack has resulted in USD$7.9 million worth of Ether being diverted during a Token Sale offering today. Coindash, like many other companies operating in the cryptocurrency space, had geared up to make a Token Sale / Initial Coin Offering to… Continue Reading →

Loose lips sink ships – 5 reasons you need a good non-disclosure agreement

Unfortunately many companies treat non-disclosure agreements (NDA) like a piece of second hand clothing.  Dusted off and made good for the current use, lent out or borrowed from someone else, patched a bit here and there and then packed away… Continue Reading →

Electronic Signature Enforcement Exposure

The rise of the internet has been disruptive to many traditions, and the humble paper contract is no exception. Dozens of online services now permit users to upload an image of their signature to digitally sign contracts. However, the warm… Continue Reading →

Lawyers beware the “procedural selfie”

With the Online Court in NSW coming into force it’s important that lawyers keep the contents and procedures of the various practice notes in mind before racing to use electronic solutions. In Unique International College v Australian Council for Private… Continue Reading →

Government funding for high growth SMEs wanting to run with the Gazelles…

In a tight economic market, any lending advantage can assist in solvency and business growth. As part of the Baird Government’s recent election promise to create new jobs, there are two Jobs for NSW pilot programs available to SME, but with… Continue Reading →

Airbnb a little deflated after decision against tenants

Airbnb is one of Silicon Valley’s tech darlings, a so called “unicorn” (a start-up with a $1 billion plus valuation) which arranges for short term accommodation in over 57,000 cities world wide, has more than 500,000 rental bookings each night, and does all… Continue Reading →

What’s the harm? The practical consequences of breaching the Harman Rule

In a recent decision by her Honour Olsson J in the District Court of New South Wales, a creditor has learned the hard way about the consequences of breaching the Harman Rule which I recently wrote about (with the kind… Continue Reading →

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