1571-1580 of 2681 results
MAC conditions: more disclosure but no real change to market practice
MAC conditions have long been a feature of managing completion risk in public M&A transactions in Australia—utilising triggers based on either or both quantitative and qualitative measures. However, in 2022 ASIC published its concerns on the formulation of these conditions and, in particular, its expectation that MAC conditions include objective and 'quantifiable' triggers. ...
Targeting ESG outcomes in investment strategies
It is now accepted that ESG risks need to be taken into account in the same way as any other investment-related risk for superannuation trustees, fund managers and institutional investors when developing and implementing their investment strategies (and in making individual investment decisions). ...
Queensland releases draft Wind Farm Code for consultation
Updates to the State code 23: Wind farm development (proposed Code) and associated Planning Guidance (proposed Guidance) were released for public consultation on 7 August 2023. Submissions close on 4 September 2023. ...
Allens advises Bain Capital on $959M proposed acquisition of Estia
The signing of the scheme implementation agreement progresses Bain Capital's five-month pursuit of Estia, having made an initial non-binding and indicative proposal in March. 'We are delighted to ...
End in sight for FFSP transitional arrangements
In exciting news for foreign financial service providers (FFSPs), the Australian Government has announced new proposals to reform the foreign financial services licensing regime following a lengthy period of uncertainty and ongoing transitional arrangements. ...
Allens advises ZIMMERMANN on sale of majority shareholding to Advent International
Under the terms of the acquisition, Advent will acquire a majority shareholding in ZIMMERMANN from Style Capital, who together with the Zimmermann family, will retain a significant minority ...
ASIC spotlight on compliance with client money rules in superannuation
ASIC has recommended all superannuation trustees should review their compliance with s1017E of the Corporations Act after a thematic review found widespread 'deficiencies'. ...
Number of class action filings on track to significantly outstrip 2022
The increase in filings has been fuelled by the first significant wave of cyber class actions following several high-profile data breach incidents, as well as a rise in competing class actions. 'Th ...
Class action risk: interim update
Class action filings in 2023 are on pace to significantly outstrip the number of claims filed last year, reverting to the trend of elevated filings seen over recent record setting years. ...
Allens named Australia's top project finance legal adviser
The firm advised on 11 transactions with a total value of US$10.2 billion during the period, advising: the syndicate of lenders on Squadron Energy's innovative portfolio debt financing package to ...