The Australian federal government recently released its response to the independent review of Australia's amended continuous disclosure regime (the "Independent Review")....more
In Short -
The Situation: The Australian Securities and Investments Commission ("ASIC") recently released its update on corporate finance regulatory activities for the third quarter of 2022....more
Practice Points for Schemes of Arrangement -
Uncertainty in earn-out consideration. ASIC raised concerns where target shareholders were being asked to vote on a scheme—which involved earn-out consideration—where there was...more