Allens: Focus: Rumourtrage and a rising tide of market regulation - 31 March...
ASIC announced recently that it had banned a dealer from providing any financial services for 18 months for allegedly spreading false and misleading information about listed securities. This is the...
View ArticleAllens: Focus: Tabcorp bonds herald new retail debt market - 31 March 2009
Tabcorp Holdings Limited has made the first major retail offering of corporate bonds by an ASX-listed company in almost 20 years. Partner David Clifford looks at the offer
View ArticleAllens: Focus: Tax implications of proposed executive remuneration reforms -...
Amid the global recession and significant negative public sentiment against excessive executive remuneration practices, the Federal Government has mandated the Productivity Commission to examine...
View ArticleAllens: Focus: Release of exposure draft of margin lending regulation - 08...
The Federal Government yesterday released the exposure draft of the Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 and requires feedback on its proposed reforms within...
View ArticleAllens: Client Update: ASIC makes raising capital more efficient - 19 June 2009
The Australian Securities and Investments Commission recently released consultation papers seeking comment on various new measures to make capital raisings more streamlined and efficient. After several...
View ArticleAllens: Focus: Australian foreign investment rules to catch convertible notes...
As foreshadowed by the Treasurer in his announcement of 12 February 2009, the Federal Government has introduced into the House of Representatives a Bill to amend the Foreign Acquisitions and Takeovers...
View ArticleAllens: Paper: Tapping the markets - director decision-making when raising...
Capital Markets Partners Robert Pick and Tom Story discuss equity raisings.
View ArticleAllens: Client Update: New qualified foreign institutional investors...
The State Administration of Foreign Exchange of the People's Republic of China recently published the Provisions for Foreign Exchange Administration on Domestic Securities Investment by Qualified...
View ArticleAllens: Client Update: ASIC releases new best practice proposals - 23...
The Australian Securities and Investments Commission has released a consultation paper seeking comment on proposed best practice guidelines for the handling of confidential information by companies and...
View ArticleAllens: Focus: Important changes to Australia's foreign investment rules - 04...
The Foreign Acquisitions and Takeovers Act 1975 (Cth) has been amended so that transactions that result in foreign investors gaining, whether now or in the future, influence or control over an...
View ArticleAllens: Focus: What we learned from the GFC: ASX's view on the state of...
The Australian Stock Exchange recently released a paper that examines capital raising in Australia during the global financial crisis. Partners Robert Pick and Steve Clifford and Senior Associate...
View ArticleAllens: Client Update: ASIC changes to share purchase plan regulation - 16...
The Australian Securities and Investments Commission has expanded custodian entities' ability to apply for shares under a share purchase plan on behalf of their beneficiaries, ensuring that all...
View ArticleAllens: Focus: Retail corporate bonds: A resurrection? - 13 May 2010
The Australian Securities and Investments Commission has announced a range of regulatory reforms designed to re-invigorate the retail corporate bond market in Australia and to increase the ease and...
View ArticleAllens: Focus: Revising Australia's foreign investment policy in the national...
In response to significant increases in foreign investment, Australia's foreign investment policy has been updated to clarify the rules that will be applied when reviewing investment proposals by...
View ArticleAllens: Client Update: New ASX operating rules and re-branding - 03 September...
The role of supervising financial markets has been transferred from ASX Limited to the Australian Securities and Investments Commission and, as a result, ASX Limited has undertaken a re-branding of the...
View ArticleAllens: Focus: Draft ruling on rights issues Retail Premiums - 20 December 2010
Australian issuer companies should be aware of a recent Australian Taxation Office draft ruling that states Retail Premiums paid in respect of certain accelerated rights issues will be regarded as...
View ArticleAllens: Focus: New national security review mechanism targets inbound M&A in...
The Circular on the Establishment of National Security Review Mechanism in relation to Foreign Merger and Acquisition Activities of Domestic Enterprises (Guofaban 2011 No.6), which formally establishes...
View ArticleAllens: Focus: China adjusts foreign investment policy - 19 April 2011
The Ministry of Commerce of the People's Republic of China has recently issued changes to its policy on foreign investment. Partner David Wenger and Senior Associate Wayne Wang report on the changes...
View ArticleAllens: Focus: Disclosure obligations of infrastructure entities to retail...
The Australian Securities and Investment Commission has released an additional consultation paper and a draft regulatory guide on disclosure obligations of infrastructure entities to retail investors,...
View ArticleAllens: Client Update: Chi-X granted new financial market operator licence -...
The Australian Government has granted Chi-X Australia Pty Ltd a licence for the operation of a financial market for the trading of securities and certain financial products, in competition with the...
View ArticleAllens: Focus: CULS - equity financing for conditional acquisitions - 26 May...
Recently, Seven West Media Limited partially funded its acquisition of Seven Media Group with an accelerated non-renounceable entitlement offer of Convertible Unsecured Loan Securities to its...
View ArticleAllens: Focus: ASIC guidelines for advertising of financial products - 05...
Promoters of financial products and services will be required to produce accurate and balanced advertisements for their products under new guidelines proposed by the Australian Securities and...
View ArticleAllens: Focus: New guidance on disclosing non-IFRS financial information - 22...
To promote the proper disclosure of financial information that is not prepared according to accounting standards, and to assist directors and others not to mislead investors and other users of...
View ArticleAllens: Focus: ASX consultation paper on mid to small caps equity raisings -...
The Australian Securities Exchange has proposed to increase the capital raising limit for mid to small caps. Partner Julian Donnan and Senior Associate Robert Speed look at the proposal which should...
View ArticleAllens: Focus: Capital raising limit for mid to small caps increased - 01...
The Australian Securities Exchange has released amended Listing Rules that increase the annual capital raising limit for mid to small caps and should mean greater flexibility for a large number of...
View ArticleAllens: Client Update: Changes to reserves and resources disclosure rules -...
Proposed new disclosure rules will affect the way mining and oil and gas companies report on their reserves and resources. The proposals seek to strike a balance between providing meaningful...
View ArticleAllens: Linklaters Insights: MOFCOM issues rules on capital contribution to...
To promote foreign investment within China, MOFCOM has issued rules to allow both domestic and foreign investors to contribute equity interests in PRC companies to foreign invested enterprises by way...
View ArticleAllens: Linklaters Insights: Proposed amendments to the inland revenue and...
The Hong Kong Government has taken a major step towards developing Islamic finance in Hong Kong.
View ArticleAllens: Linklaters Insights: A new repurchase agreement for the PRC interbank...
On 18 December 2012, the People’s Bank of China announced its approval of the publication of the China Inter-bank Market Bond Repurchase Master Agreement by the National Association of Financial Market...
View ArticleAllens: Linklaters Insights: The evolution and current state of play for the...
As the Commodity Futures Trading Commission, the Securities and Exchange Commission, and other regulators have worked to implement Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection...
View ArticleAllens: Client Update: ASIC market regulation - 24 August 2009
The Federal Government today announced proposed reforms that will result in the Australian Securities and Investments Commission being responsible by late next year for both supervision and enforcement...
View ArticleAllens: Focus: Draft decision providing extra legroom for foreign investors...
A new decision on foreign ownership limits in the Vietnamese securities market is expected to be issued shortly to encourage further foreign capital into Vietnam. The changes proposed in the draft...
View ArticleAllens insights: Debt funds open a new asset class
The dominance of the banks in the Australian corporate debt market is an anomaly
View ArticleLinklaters Insights: Credit supernova - ISDA publishes 2014 ISDA Credit...
If 2009 saw the 'big bang' and 'small bang' of the credit derivatives market, then 2014 sees the 'supernova' – the biggest overhaul of the Credit Derivatives Definitions in over a decade.
View ArticleClient Update: Strong ECM volumes to continue
Recent strength in the IPO market has seen a number of issuers come to market over the past 12 months. Partners and Co-Heads of the Allens Equity Capital Markets Practice Julian Donnan and Robert Pick...
View ArticleVietnam Legal Update: New rules for foreign investment accounts in Vietnam
Various new foreign exchange regulations governing the use of all types of foreign currency accounts, including investment accounts, of Vietnamese enterprises and their investors have recently come...
View ArticleLinklaters Insights: Shanghai-Hong Kong Stock Connect: Further...
On 26 September 2014, Shanghai Stock Exchange and China Securities Depository and Clearing Corporations Limited promulgated detailed rules to implement stock trading under the Shanghai-Hong Kong Stock...
View ArticleFocus: ASIC's employee incentive scheme class orders - new and improved
After much anticipation, ASIC has released new employee incentive scheme class order relief. Partner Greg Bosmans and Special Counsel Gadi Bloch, members of Allens' Head Office & Governance team,...
View ArticleClient Update: New regulations to kick-start a derivatives market in Vietnam
The Vietnamese Government has issued a new decree that lays the foundations for the trading of derivatives and for the establishment of the first derivative market in Vietnam. This development is...
View ArticleClient Update: Amendments reduce compliance burden for ASX-listed NZ companies
ASX has released a number of proposed amendments to the ASX Foreign Exempt Listing Rules that will significantly lower both the ongoing compliance burden and the admission thresholds for New Zealand...
View ArticleFocus: PNG securities laws rewrite
Those dealing in PNG's capital markets should be aware that the PNG Parliament recently passed a package of legislation to substantially amend and strengthen the regulation of its capital markets. The...
View ArticleClient Update: ASIC tweaks employee incentive scheme relief
Various amendments to ASIC's employee incentive scheme class order relief have now come into effect. Described by ASIC as 'minor and machinery in nature', the clarifications and improvements were...
View ArticleClient Update: Major overhaul of Australia's foreign investment laws: what's...
The new package of legislation overhauling Australia's foreign investment laws, the first major revision in 40 years, commenced on 1 December 2015. While many features of the previous regime have been...
View ArticleSpecial Report: Understanding the opportunities and navigating the legal...
Authored by a multidisciplinary team from Allens, Blockchain Reaction is designed to assist business stakeholders, decision makers and in-house counsel across a variety of sectors to understand the...
View ArticlePaper: How the UK's Brexit decision could affect you
This week the UK will vote on whether it wants to remain part of the EU. This decision could have global economic impacts and affect your business. For instance, how will it impact on free trade...
View ArticleClient Update: ASIC sell-side research consultation and proposed regulatory...
ASIC's new regulatory guidance focuses on managing conflicts of interest and material, non-public information when providing sell-side research. As well as providing extensive guidance on managing...
View ArticleReport: 2017 Private Equity mid-year briefing
The first half of 2017 has been one of the most active buy out periods for private equity in Australia since the financial crisis. With fundraising conditions remaining positive, plenty of committed...
View ArticleClient Update: Design and distribution of financial products - regulating...
The revised exposure draft Bill concerning design and distribution obligations for issuers and distributors of financial products, and new intervention powers for ASIC, includes some modest, yet mostly...
View ArticleClient Update: ASIC's allocations project - guidance from abroad
ASIC is examining the allocations process in capital raising transactions. We report on ASIC's allocations project and the influences that the regulators in the UK and in Europe may have on the project.
View ArticleLinklaters Insights: China releases highly anticipated provisional Panda...
The People’s Bank of China and the Ministry of Finance have recently released the highly anticipated preliminary Panda bond guidelines, which took effect immediately. According to the PBOC, the...
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