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Member Articles


Underwriting Shortfalls Must Be Disclosed

Nearly a decade has passed since ANZ placed circa $750 million in shares to the underwriters of its $2.5 billion equity capital raising leading to a dispute with ASIC over ANZ’s failure to disclose the shortfall. The F ...

Comparing Tax Treatment of Incorporated and Unincorporated Partnerships in UAE

Introduction: Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law) was implemented on 3 October 2022. Under UAE corporate tax laws, partnerships can be classified as either i ...

LSB Introduces Enhanced Safeguards for Individuals Who Have Provided Personal Guarantees

What are the enhanced safeguards for personal guarantees? On 12 September 2024, the Lending Standards Board (LSB) unveiled updated provisions within its Standards of Lending Practice for Business Customers. These changes ...

An Inclusive Interpretation: The Federal Court Analyses Gender Identity Discrimination

In a significant decision of the Federal Court of Australia, Justice Bromwich has considered the issue of gender discrimination for the first time since the Sex Discrimination Act 1984 (Cth) (SD Act) was amended in 2013. ...

Crypto in Limbo as ASIC Calls for Licensing Obligations on Tokens?

The Australian Securities and Investments Commission (ASIC) is set to deliver a strong message to the cryptocurrency industry: prepare to be licensed under the Corporations Act.  What’s less clear is how ASIC says th ...

The Price of Greenwashing: 12.9M Reasons to Get Environmental Claims Right

ASIC’s recent success in the Federal Court against Vanguard Investments Australia Ltd for making misleading environmental, social and governance (ESG) claims is demonstrative of the ongoing crackdown on greenwashing by ...

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