211-220 of 423 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. ...
Allens advises Crestone on acquisition by LGT Group
Crestone was established in 2016 following a management buyout at UBS Wealth Management’s Australia unit, and provides wealth advice and portfolio management services to high net worth clients, ...
Allens advises on largest Australian hotel real estate sale
Allens has advised a fund managed by the Mirvac Group and the NRMA on the record $620 million sale of the Travelodge hotel portfolio to fund manager Salter Brothers. ...
Allens advises Morrison & Co and Future Fund consortium on $2.8 billion investment in Telstra's InfraCo Towers
Allens is pleased to be advising Morrison & Co and the consortium led by the Future Fund Board of Guardians and including Commonwealth Superannuation Corporation and Sunsuper Superannuation Fund on the acquisition of a 49% interest in Telstra Corporation's telecommunications network tower business ...
ASIC immunity to whistleblowers
ASIC's immunity policy provides immunity from the 'market misconduct' provisions (including insider trading, false and misleading conduct and dishonest conduct) to the first person who reports the misconduct to ASIC where multiple persons are involved. ...
In Touch: News Code of Conduct update; ACCC flags enforcement in the electricity market; and other developments
News Code of Conduct update: ACCC releases a draft code for comment; HealthEngine to pay $2.9 million for ACL breaches; ACCC flags enforcement in the electricity market; Next chapter of the gas inquiry; Alstom's acquisition of Bombardier Transport cleared; and more COVID cooperation. ...
Lorna Jane antivirus activewear claims don't workout
A recent set of infringement notices issued by the Therapeutic Goods Administration, including against clothing manufacturer Lorna Jane, highlights the importance of businesses carefully scrutinising all claims made about any health-related benefits of their products. We break down the elements of that case and its significance for advertising and marketing claims. ...
In Touch: ACCC's first enforcement action for an alleged breach of the Electricity Retail Code; Federal Court explores the meaning of 'prepayment'; and other developments
The ACCC pursues Sumo Power over its electricity plans; interim report on Murray–Darling Water Markets Inquiry; 'prepayment' examined by Federal Court in ACCC v TPG; Locality Planning Energy fined for alleged breach of the Electricity Retail Code; and proceedings against Decathlon over sale of allegedly unsafe sporting goods. ...
Consumer laws - 'green' marketing
Consumers and investors are increasingly conscious of climate change risks, and more demanding of businesses to adopt sustainable business practices. This has led to an increase in 'green marketing', which includes statements about environmental sustainability, carbon neutrality, recycling or impact ...
What courts and regulators expect from corporate compliance
The recent decision of ACCC v Bupa Aged Care contains valuable lessons on the importance of compliance programs. They include how quickly improving or implementing such programs can lead to lower penalties; the extent to which regulators and courts favourably view effective compliance programs when assessing penalties, and what features they consider to be essential. ...