671-680 of 716 results
First civil penalty order for breach of FOFA duties
The Federal Court recently imposed a 1 million civil penalty on a licensee for breaches by its representatives of the best interests and appropriate advice duties The penalties were the same amount that was agreed between ASIC and the licensee The decision is a reminder to financial services ...
Court enforces four-year restraint
A court has enforced a four-year restraint of trade clause in a business sale contract, preventing a part-time employee from taking up employment with a competitor after selling his stake in the business. ...
A step closer to industry funding of ASIC
Last week the Federal Government moved another step closer to implementing an industry funding model for the recovery of ASICs costs by introducing the ASIC Supervisory Cost Recovery Levy Bill 2017 as well as two related Bills into Parliament These Bills implement the recommendations of the ...
Raising capital, raising standards: managing conflicts of interest in sell-side research and corporate advisory
ASIC continues its mission to enhance the regulation of Australias equity markets with its recent publication of Consultation Paper 290 on managing conflicts of interest when dealing with sell-side research and corporate advisory The proposed amendments will primarily target investment banks and ...
English High Court provides important guidance on approach to LIBOR mis-selling claims
The English High Court has handed down its judgment on the first major case following the global regulatory investigations into alleged LIBOR manipulation ...
ACCC makes 56 recommendations for sweeping energy sector reform
The ACCC today released its final report on the Retail Electricity Pricing Inquiry The report finds the national electricity market is not functioning effectively and that extensive reform is required to bring down prices and restore consumer confidence It makes 56 significant recommendations aimed ...
Corporate law developments
Welcome to our monthly snapshot of regulatory updates and other developments in corporate law We know you are busy so our focus is on capturing key issues ...
Greater ACCC scrutiny of contentious mergers
ACCC Chairman Rod Sims has outlined that the ACCC will adopt a more intensive information-gathering approach when reviewing contentious mergers Partner Jacqueline Downes and Associate Lovelle DSouza report ...
First successful prosecution under Australian criminal cartel conduct provisions
Nippon Yusen Kabushiki Kaisha has been fined 25 million in the first criminal cartel conduct prosecution commenced in Australia providing guidance on how a court will determine penalties under the criminal cartel laws ...
Room for Improvement? Big Data challenges in Health
'Big data' is revolutionising approaches in all major industries, including the health sector, but Australia's current privacy framework lacks flexibility, and there is insufficient guidance to support compliance. Associate Nick Li looks at the challenges in improving patient care and research outco ...