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Top 5 Mistakes made when Selling a Business
Selling your business is a big decision. Whether you’re planning to retire, return to working for someone else, or pursue your next business idea. Here are the top five common mistakes to avoid when selling a small business: 1. Overlooking due diligence – Due diligence is a critical process for the buyer and the...
Buying Off-Market – Risks and due diligence
Off-market property acquisitions in Queensland can indeed offer benefits such as privacy and reduced competition. However, they also come with significant risks that buyers should carefully consider. In August 2025, the Queensland Government introduced a mandatory seller disclosure scheme under the Property Law Act 2023. This scheme applies to both on-market and off-market property...
Paying duty when buying a business
Buying a business in Queensland comes with several costs, and one of those costs is duty. It’s an issue that’s often overlooked, and if you’re a buyer from interstate, duty costs on business sales can come as a bit of a shock. New South Wales currently has nominal duty costs, and Victoria has none....
Selling your café in Brisbane: tips for a successful business sale
Selling a café in Brisbane requires more than simply listing the business on the market. Owners should prepare financial records, organise legal documents, maintain strong business performance and present the café professionally to potential buyers. With the right preparation and professional advice, café owners can improve their chances of achieving a smooth sale and securing...
The do’s and don’ts of commercial lease agreements
Commercial leases contain important terms that define the rights and responsibilities of both landlords and tenants. Understanding clauses such as subletting, rent review and break clauses can help businesses avoid disputes and manage lease obligations more effectively. When negotiating a commercial lease, it is important to understand the essential terms that should appear in the...
Top 5 Ways to Mitigate Legal Risk for Your Company
Running any kind of business, large or small, comes with risk and it’s important you know the right strategies to keep that risk level to a minimum. Here are our top five ways to mitigate legal risks for your business: 1. Contract management – firstly, you should only sign contracts you genuinely understand. Also,...
What to do when a business partnership turns sour
There’s nothing better than a harmonious business partnership, and unfortunately, few things can be worse if that relationship turns sour. To avoid disputes, it’s crucial that every member of the partnership understands their responsibilities and what to do if disputes arise. Disagreements in business can happen for a few reasons, including: Profit...
Buying Australian property and business from overseas
Australia has strict rules and regulations about foreign investment. The Australian government classifies you as a foreign person if you intend to buy residential or commercial property in this country if you are not: A citizen of Australia A permanent resident of Australia A New Zealand citizen with a special category visa A permanent resident...
Why AI-Generated Contracts Are Risky for Australian Businesses
Why Australian Businesses Should Avoid AI-Generated Contracts Australian businesses are increasingly turning to artificial intelligence tools like ChatGPT to draft contracts quickly and cost-effectively. While AI can produce a polished agreement in seconds, the convenience comes with significant risks. Legal professionals across Australia warn that these tools often fail to deliver enforceable, compliant, or even...
NiuPay Secures $5M Investment from Kina Securities: GLG Legal’s...
NiuPay Secures $5M Investment from Kina Securities: GLG Legal Advises on Strategic Deal In a landmark move for the South Pacific’s digital landscape, NiuPay Pacific Pty Limited has secured a USD $5 million strategic investment from Kina Securities Limited. This deal, finalised in late 2025, highlights the growing confidence in the region’s digital future and...
GLG Legal Advises Austral Resources Australia Ltd on ASX...
We are pleased to announce that our client, Austral Resources Australia Ltd (ASX: AR1), has been reinstated to trading on the Australian Securities Exchange following completion of a $40 million recapitalisation and corporate transformation. At GLG Legal, our corporate advisory team, led by Managing Director Michael Hansel and supported by Senior Associate Roland Leong and...
Share Sale vs. Asset Sale – What is the difference?
When purchasing a business, there are two primary methods to consider: a business asset sale or a share sale. Each approach has distinct legal and commercial implications, and the choice between the two will depend on the specific circumstances and objectives of the parties involved. Business Asset Sale vs. Share Sale In a business asset...