371-380 of 608 results
Court confirms life easier for default interest clauses post-Paciocco
New South Wales Court of Appeal case Arab Bank Australia v Sayde Developments considered the application of penalties doctrine to default interest rate provisions in load agreements post the high court's libera approach to the doctrine in Paciocco v ANZ. ...
Product design and distribution rules
On 13 December 2016 Treasury released a paper seeking feedback on the proposed financial product design and distribution obligations and proposed product intervention powers for ASIC The proposals are intended to create new accountability obligations for product issuers and distributors On one view ...
ASIC's no action position on the wholesale/retail test for self-managed super funds
The Australian Securities and Investments Commission has announced that it will take no action where a self-managed superannuation fund trustee is treated as a wholesale client notwithstanding that the trustee does not have to meet the 10 million net asset threshold even though the financial service ...
Increasing ASIC's enforcement powers
In its submission to the Financial System Inquiry the Australian Securities and Investment Commission has again raised the issue of the penalties that are available to it to punish and deter corporate wrongdoing ASICs submission recommends that a holistic review be conducted into the availability ...
Michelle Levy wins Partner of the Year
Partner Michelle Levy was announced as 'Partner of the Year' in the Financial Services category at last night's Lawyers Weekly inaugural awards ceremony held in Sydney. Michelle is a financial ...
Allens tops global infrastructure project finance tables
Allens has topped the global table as the leading legal adviser for infrastructure project finance deals in 2014. Allens topped the 'Global Infrastructure Project Finance Legal Adviser Ranking' in ...
Allens advises lenders on $22 billion debt financing
Allens has acted for a syndicate of 20 lenders that is providing the $22 billion needed for shopping centre group Westfield Group to complete its restructure and merge its Australian and New Zealan ...
Allens advises IDP Education on A$331.6 million IPO
Allens has advised IDP Education Limited on its A$331.6 million Initial Public Offer, launched with lodgement of a prospectus on 12 November 2015. IDP Education – headquartered in Melbourne – is a ...
Allens helps pave way on Australia's largest urban road project
Allens has advised the Federal Government on a $2 billion concessional loan for the second stage of Australia's largest urban road project, WestConnex. The Commonwealth funding of the project ...
Running out of time for retirement income reform
The Government has released a consultation paper on the regulation of retirement income streams It says that the Government wants to encourage the development of more retirement products But this is old news and the paper offers few concrete policy proposals other than in the area of deferred ...