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Australia has lifted certain sanctions on Iran
Insight 18 Feb 2016

In response to recent confirmation that Iran has met its international nuclear commitments the Australian Government has lifted all nuclear-related economic and financial sanctions against that country ...

Guarantors owed a duty of care under the Code of Banking Practice
Insight 21 Jan 2016

A recent decision of the Victorian Court of Appeal has given a wide meaning to the Code of Banking Practice finding that the duty of care owed by a lender in assessing the borrowers ability to repay extends to guarantors Effectively the bank was responsible to guarantordirectors for funding their ...

Product rationalisation - again
Insight 08 Dec 2015

The FSI report recommended that the Government facilitate rationalisation of legacy products in the life insurance and managed investment scheme industries The need for ways to close legacy products has been kicking around for at least a decade and in 2007 Treasury released a very thorough options ...

Government launches innovation agenda - now wait for the ideas boom
Insight 08 Dec 2015

You might be getting tired of all of the talk about innovation and keen to see some of it actually happen The Governments recent announcements could help but there is a long way to go before the mining boom becomes the ideas boom ...

Allens helps steer Burson Group in auto parts acquisition
News 19 Jun 2015

Allens has advised leading automotive aftermarket parts specialist Burson Group Limited in its $275 million acquisition of Metcash Automotive Holdings. Metcash Automotive Holdings, a subsidiary of ...

Allens acts on major capital raisings
News 19 Oct 2015

Allens has acted on two initial public offerings, including the biggest IPO in Australia this year. Allens acted for the joint lead managers of Link Administration Holding's $946 million IPO, which ...

Allens advises bank syndicate on $300 million banking facility
News 02 Sep 2015

Allens has acted for a syndicate of banks in the establishment of a $300 million syndicated banking facility for business equipment financier Silver Chef Limited. The banking partnership with ANZ, ...

Allens advises Archer Capital on sale of Healthe Care
News 08 Dec 2015

Allens has advised Archer Capital on its proposed divestment of private hospital business Healthe Care to China's Luye Medical Group. Healthe Care is Australia's third largest private hospital ...

Changes to tax rules for offshore investment
Insight 17 Sep 2014

A Bill is currently before Federal Parliament that will more closely but not completely align the foreign non-portfolio dividend NANE treatment with debtequity concepts Partner Martin Fry and Senior Associate Jennifer Richards report on the changes ...

Material adverse change
Insight 15 May 2014

In a recent decision the New South Wales Supreme Court held that a sufficiently significant failure to meet budget expectations could constitute a material adverse change and upheld the lenders right to serve a default notice and accelerate repayment on this basis Partner Diccon Loxton and Lawyer ...

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