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The Situation: Australia's corporate regulator, the Australian Securities and Investments Commission ("ASIC") brought proceedings against two former directors of Tennis Australia...

Consistent with global IPO markets, 2021 was a bumper year in Australia, with more IPOs coming to market, more capital raised, and a greater aggregate market capitalisation than each of the last 5 years.

The Australian IPO market had an exceptional year in 2021, breaking records for the number of IPOs coming to market, the amount of capital raised and the aggregate market capitalisation on listing of issuers when compared to each of the last five years.

Australian Securities Exchange (ASX) has introduced a number of changes to the listing admission requirements in the ASX Listing Rules which impose higher standards on entities...

Practical considerations for creditors in reviewing their security interests & utilising security advisory services.

In NZ, issuing shares to members of the public is a heavily regulated area, subject to extensive disclosure obligations.

You should consider whether your equipment leases give rise to a PPSA 'security interest' and need to be perfected.

The maximum that lenders may charge under a UCCC credit contract for interest, fees and charges will be 48% per annum, following an amendment to the Consumer Credit Act in NSW and ACT.

The Personal Property Securities Act 2009 (Cth) (PPSA) has been in force now for just over one year.

The Relux case is another example of how you can lose your goods if you don't comply timely with the PPSA Act 2009 (Cth).

In the current global financial crisis raising capital has become a significant issue for many companies. Banks and financial institutions are now more cautious about their lending practices, regularly imposing relatively stringent financial and security covenants.

An Australian court has determined the civil penalty for a corporation's breach of the law against insider trading.

Companies and persons in possession of "inside information" should be aware of the law governing its use and disclosure.

INFO255 sets out what ASIC regards as 'better practices' for activists and target companies in an activist short campaign.

The Bill aims to ease the fundraising process for issuers, but until regulations are published, this goal is uncertain.

Treasury has released a discussion draft of a regulation to ban exit fees.

The draft FAR aims to strengthen executive accountability laws and extend their reach to all APRA-regulated entities.

A non arms length sale is a hazard that most incoming mortgagees want to avoid. This month Levy J, in the District Court of NSW, found that a lender was entitled to recover a shortfall from a number of third parties who had varying degrees of responsibility for submitting a misleading front page of a sales contract as part of a loan application.