You are a new accountant in a boutique firm specializing in corporate restructure called Corpsolve. You graduated two years ago. The senior partner gives you this work.
Earl is a client and comes to you and says I wish to attach a business name to Spectacular Pty Ltd which he incorporated on 12 December 2016. I wants to call it Spekkie events.
Outline the legal process with the business names and determine if this name is acceptable.
Earl goes on to say that he worked for Golden Lights Pty Ltd until 11 December 2016 and he has been contacting their customers (from a stolen list)
1. Describe the problem with the use of the corporate lists?
2. Would the corporate veil of Spectacular Pty Ltd be pierced to make Earl liable to pay damages to Golden Lights Pty Ltd?
3. Earl emails you a letter from ASIC who wish to investigate Spectacular Pty Ltd?
4. What grounds could ASIC use?