Showing 34 out of 34 results
ASIC ends no-action positions for advisers’ FDS obligations in relation to Pre-FOFA customers
ASIC released an updated Regulatory Guide 245 Fee disclosure statements (RG 245) on 22 February 2017. RG 245 provides guidance on how ASIC will …
SFC ANNOUNCES “MANAGER IN CHARGE” REGIME TO HEIGHTEN SENIOR MANAGEMENT ACCOUNTABILITY FOR FINANCIAL INSTITUTIONS IN HONG KONG
In its recent circular (with annexes 1 and 2 and a set of FAQs), the Securities and Futures Commission (SFC) introduced new measures to heighten the …
Anti-Money Laundering Counter-Terrorism Financing Update: AUSTRAC’s 2017 focus and hot topics
We summarise below six potential focus areas that AUSTRAC, the AML/CTF Regulator, may be looking towards in in 2017. We have created this list based on …
The end of broker handling fees in takeover bids?
Summary Broker handling fees paid to stockbrokers by bidders to solicit acceptances are potentially prohibited as 'conflicted remuneration'. This is …
Topical Issues in Private Equity Joint Ventures – tips for a clean exit
Summary The shareholders’ agreement for a private equity joint venture will typically include rights and obligations on the shareholders that operate …
Takeovers Law reforms – interesting proposals in Canada
In brief Proposed changes to Canadian takeover laws seek to strengthen the position of the minority and give target boards additional time to respond …
Australian joint ventures – are EU and Chinese anti-trust approvals required? Peut-être / yěxǔ (perhaps)
Summary The EU and Chinese merger control regimes can apply to a broad range of corporate transactions involving either an Australian joint venture or …
Everyone’s a winner: David Jones’ Scheme is approved
Summary Collateral benefits are not illegal in schemes of arrangement as they are in takeover bids. Schemes can accommodate different treatment of …
Break fees update: pushing the 1% guideline and the return of the naked no vote
Summary The traditional position of the Courts and the Takeovers Panel has been that a break fee not exceeding 1% of the target’s equity value is …
Takeovers Panel composition
Summary Until this year, it has been a practice that members are appointed to the Panel for an initial three year term followed by, in the ordinary …
Showing 34 out of 34 results