Allens

Regulatory Investigations

Our experienced Regulatory Investigations legal team regularly publishes articles and updates - the full list of publications appears below. If you'd like to be notified when we add new Regulatory Investigations publications to the site, please go to our subscription page to sign up for email alerts or, alternatively, you can subscribe to our RSS feed.

Read about our track record in Regulatory Investigations.

Regulatory Investigations Publications

  • Client Update: ASIC to seek recovery of investigation costs

    31 July 2015

    This week, ASIC flagged a change in its approach to the exercise of its power to make orders to recover expenses and costs associated with investigations. Information Sheet 204 indicates that ASIC will be making greater use of this power to seek recovery of its costs from individuals and companies that are the subject of an investigation. While technically the power only exists in relation to proceedings finally determined by a court, it is possible that the change in approach could be applied more broadly, with ASIC seeking to recover investigation costs as part of agreed resolutions to investigations. Partner Richard Harris and Senior Associate Alexandra Mason report.

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  • Focus: The year to come for Australia's Anti-Money Laundering and Counter-Terrorism Financing regime

    27 February 2015

    Having recently acquired a new CEO and a significant funding boost, AUSTRAC is being closely watched by reporting entities for an indication of its future direction and priorities, both at the policy and the enforcement level. In light of this, and with major review reports pending, 2015 promises to be a significant year for Australia's Anti-Money Laundering and Counter-Terrorism Financing regime. Partner Peter Haig, Senior Associate Edward Martin and Associate Andrew Shetliffe consider the year ahead.

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  • Focus: Civil penalties: are negotiated outcomes still negotiable?

    12 March 2014

    A recent decision of the High Court could intensify uncertainty about the legitimacy of resolving civil penalty proceedings by the regulator and the defendant approaching the court with an 'agreed penalty' supported by an agreed statement of facts. Partner Matthew McLennan and Lawyer Megan Sandler report.

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  • Focus: Agents, airlines, and ash - the ACCC's 'A'-list bring less than 'A'-grade results

    12 December 2013

    The ACCC has had mixed results with some recent judgments in high profile competition cases. Partner Jacqueline Downes, Lawyer Emma Arbon and Knowledge Management Lawyer Julie Playfair report on the decisions which have important implications for businesses with agency arrangements and substantial market power.

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  • Focus: Threshold for successful prosecution of promoter penalty claims lowered

    11 September 2013

    In the first appeal court guidance on the proper construction of the promoter penalty provisions, the Full Federal Court has upheld an appeal by the Commissioner of Taxation regarding their application and, in doing so, lowered the threshold for a successful prosecution of a promoter penalty claim. Partner Tony Kuhn, Senior Associate Jonathan Joseph and Lawyer Sarah Gittus report.

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  • Focus: Tipped off: the stockbroker, the client and their phone conversations

    28 August 2013

    A recently released Supreme Court of Western Australia judgment illustrates the role that recorded telephone conversations can play in the investigation and prosecution of insider trading offences. Changes to telecommunications interception legislation in 2012 increased the scope for the use of recorded conversations in the enforcement of the insider trading law. Partner Matthew McLennan and Lawyer Roslyn Stein look at the case that flags a number of issues for companies that operate recording systems.

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  • Focus: New guidance from ASIC on its intervention in private proceedings and disclosure of documents

    8 July 2013

    The Australian Securities and Investments Commission has released guidance on its approach to involvement in private court proceedings, and on providing information and documents to private litigants. Partner Michael Schoenberg, Senior Associate Joel Phibbs and Lawyer Stuart Packham examine how this recent guidance is likely to impact on companies and individuals that are subject to ASIC investigations and enforcement actions.

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  • Client Update: ASIC guidance on litigation funders' obligation to manage conflicts

    26 April 2013

    The Federal Government has recently limited the regulation of litigation funding to an obligation to have adequate arrangements in place to manage conflicts of interest. In the latest chapter in this continuing story, ASIC has released a Regulatory Guide that 'fleshes out' what it considers funders must do to comply with that obligation. Partner Jenny Campbell and Senior Associate Mark Hare report.

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  • Focus: Bid-rigging - a first look at the cartel provisions

    27 March 2013

    In brief: Even where no market in Australia is affected, a recent Federal Court decision highlights that certain conduct may breach the new cartel provisions of Australia's competition and consumer legislation. Partner Michael Schoenberg, Senior Associate Tim Maxwell and Lawyer Angela Gibbs provide an overview of the decision.

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