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Corporate governance has become one of the most hotly debated
topics in recent years. Whether it be board diversity, corporate
culture or succession planning, directors across the world have
hugely diverse opinions. But what happens when there is no-one to
steer the ship?
Companies with sole directors, members, resident agents and
company secretaries are less frequently encountered, but cannot be
left in limbo if the worst is to happen and the sole
individual holding those roles dies. Without someone to progress
the company s interests, bank accounts are likely to be
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For the first time, the High Court adopted the doctrine of “patent exhaustion” to determine the nature and extent of monopoly rights of patent owners and departed from the “implied licence” theory, which had been used in Australia for more than a 100 years. Calidad Pty Ltd, distributor of refurbished printer cartridges, won a long-standing battle with Seiko Epson Corporation in its final appeal to the High Court. This decision has significant implications for both patent owners and businesses operating in industries in connection with the repair, refurbishment and recycling of goods and possibly, parallel importers.