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Excessive payment surcharging reforms
Insight 11 Jul 2017

As of 1 September 2017 merchants will be prohibited from charging excessive payment surcharges for certain payment methods Under the new rules businesses can only pass on to customers what it costs them to process a payment The Allens Competition team have put together a brief overview of the ...

Personal advice and the best interests duty
Insight 21 Mar 2018

There has been a great deal of attention given to the meanings of financial product advice and personal advice in the Corporations Act and many of us are eagerly waiting to see what Justice Gleeson will say about the topic in the case ASIC has brought against the BT trustees. ...

The UK's focus on personal accountability for bank employees: a sign of things to come?
Insight 04 Sep 2015

Last month we discussed the carrot in the UK Parliamentary Commission on Banking Standards - how the regulators are making sure remuneration for bank staff encourages prudent risk behaviour This month we are looking at the stick - how the UK is strengthening regulators enforcement armoury to enable ...

Michelle Levy wins Partner of the Year
News 29 Apr 2016

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 ...

Review into four major banks - money for consultants?
Insight 25 Nov 2016

The Parliamentary Economics Committee released its report following its review into Australias four major banks yesterday Our Financial Services Regulation team has a look at the recommendations in this update ...

Competition news
Insight 27 Jun 2018

Allens advises DUET on major pipeline partnership, underwritten placement and SPP
News 20 Jan 2014

Allens has advised DUET Group and its 100 per cent owned subsidiary, DBP Development Group, on its joint venture with TEC Pilbara Pty Ltd, a 100 per cent owned subsidiary of Canada's TransAlta Corp ...

Cool PE deal: Allens acts on sale of air conditioning business
News 05 Feb 2014

Allens has acted for private equity firm Catalyst Investment Managers Pty Ltd in the sale of the Actrol Group to Reece Australia Limited for $280 million. Corporate Partner and Co-Head of the firm' ...

Allens advises lenders on $22 billion debt financing
News 03 Apr 2014

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 Plenary on market-leading infrastructure bond deal
News 25 Oct 2016

Allens has advised a Plenary-led consortium on the successful $1 billion refinancing of the Victorian Comprehensive Cancer Centre (VCCC). This was a significant deal for the Australian infrastructu ...

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