The High Court's first decision on the financial assistance prohibition in section 260A of the Corporations Act supports a conservative approach to the prohibition, and in particular highlights the danger of 'taking a view' on the no material prejudice exception. ...

The Equator Principles Association unveiled the finalised fourth version of the Equator Principles (EP4) on 18 November 2019. Set for an effective date of 1 July 2020, EP4 heightens requirements for designated OECD countries and tightens due diligence assessments with a greater focus on human rights, climate change and biodiversity. While there are many improvements and refinements from the draft we reviewed in June, the only potentially material change is a compromise on the 'free prior and informed consent' requirement for affected Indigenous communities. ...

In response to the rapid growth of the e-payment market in Vietnam, the State Bank of Vietnam (the SBV) has reviewed the legal framework regulating the sector and proposed some important changes. In this Insight, we set out the key amendments the SBV has already issued – as well as those in the pipeline – and their potential impact on the intermediary payment services market. ...

Under the Personal Property Securities Act 2009 (Cth), the Court of Appeal have confirmed that 'fixtures' are to be understood in the same way as at general law and the same common law test applies to determining whether goods affixed to land have become fixtures. ...

Allens has advised the Plenary Health consortium on the expansion of the existing Casey Hospital through a series of transactions that closed late last week. The expansion will significantly increa ...

Allens has advised the Netflow consortium on an innovative financing arrangement for its A$1.8 billion Western Roads Upgrade public-private partnership (PPP). The financing of the Western Roads ...

This Insight examines some of the key issues arising out of the new ipso facto contracts regime which came into effect on 1 July 2018 ...

ASIC has recently announced a new supervisory approach that involves embedding ASIC officers in the four major banks and AMP ...

Securing the number one ranking (1H2019) for syndicated loans across: Bloomberg's APAC (ex-Japan) Loans: Legal Adviser - Borrower, by volume and deal count league table; Debtwire's Asia Pacific ...

As part of the transaction, KKR will acquire Arnott’s (the iconic Australian biscuit brand and a major driver of Campbell International’s sales), Campbell’s simple meals and snacking brands in ...