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Case dismissed: aggrieved investor fails in class action against Worley

Insights - Australia

Case dismissed: aggrieved investor fails in class action against Worley

In a highly anticipated judgment, the Federal Court of Australia has dismissed a securities class action brought against Worley Limited (Worley) alleging breaches of continuous disclosure laws and...

22 October 2020

Victoria extends and amends its commercial tenancy relief scheme

On 29 September 2020, the Governor in Council made the COVID-19 Omnibus Miscellaneous Amendments Regulations 2020, extending and amending the rent and enforcement relief scheme provided since 29...

22 October 2020

Replacing IBORs in derivatives: there’s a protocol for that

Ahead of the expected cessation of the London Inter-bank Offered Rate (LIBOR) at the end of 2021, along with the possible discontinuance of other key inter-bank offered rates...

22 October 2020

Certainty for liquidators and secured creditors in paying employee entitlements from secured assets

A recent decision of the Federal Court has confirmed that a secured creditor who consents to employee creditors being paid out of the charged asset pool is entitled...

20 October 2020

Chinese real estate financing: onshore/offshore financing structures and opportunities for foreign investors

Over the last decade or so there has been dramatic growth in PRC real estate developments in the larger cities, and much of that has been financed by...

20 October 2020

To stub or not to stub? ASIC hands down its view

ASIC released a consultation paper in June 2019 regarding the use of stub equity in public to private transactions, essentially looking to clamp down on the types of...

19 October 2020

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