Global Corp is a multinational company that provides technological solutions to various organizations worldwide. In early 2020, Global Corp entered into a contract with XYZ Enterprises, an Australian-based company, to provide customized software services for their financial systems. The contract outlined the scope of work, timeline, and the payment terms of the project. The contract also contained a provision for dispute resolution, which stipulated that any disputes between the parties would be resolved through arbitration.

Global Corp began work on the project in June 2020 and completed it within the agreed timeline. However, upon completion of the project, XYZ Enterprises found that the software services did not meet the specifications outlined in the contract. XYZ Enterprises notified Global Corp of the issues and requested that they rectify the errors as per the contract.

Global Corp acknowledged the issues and agreed to rectify them. However, despite several promises, Global Corp failed to fix the issues. As a result, XYZ Enterprises was unable to use the software services and incurred significant losses as a result. XYZ Enterprises sent several notices to Global Corp, requesting that they comply with the contract and fix the issues, but Global Corp failed to respond to the notices.

XYZ Enterprises initiated legal action against Global Corp, citing a breach of contract.

You are an employee at a law firm, and you have been assigned to work on the case of Global Corp and XYZ Enterprises. Your task is to analyze the case and identify where the breach of contract occurred. Write a memo for John Moses, the Senior Partner working on the case.Your task is to provide advice on the following:

• Identify where the breach of directors' duties occurred in the case of XYZ Enterprises
• Identify the key elements of corporation law that apply to the case (i.e breach of contract
• Identify the key provisions of the Corporations Act 2001 (Cth) and any other relevant legislation, common law, policies, or procedures that are relevant to the case.
• Identify the penalties associated with the breach.
• Advise John if XYZ would succeed in taking action against Global Corp.

Your memo should include similar cases and apply the facts of these cases to your scenario.