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Shareholders Australia

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - September 2024 #2

In this week’s edition, we discuss a drop in support for ESG shareholder proposals at one of the world’s largest asset managers; a decision by a U.S. federal court to strike down an anti-ESG investing rule in Missouri; and...more

K&L Gates LLP

JORC Code Update–Compliance With Guidance

K&L Gates LLP on

Mining companies are one step closer to being subject to the changes of the first comprehensive review of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code or the...more

International Lawyers Network

Establishing a Business Entity in Australia (Updated)

TYPES OF BUSINESS ENTITIES - There are a number of business structures to choose from when starting a new business venture in Australia. Investors need to determine which form of business organisation is the most...more

White & Case LLP

Investments in Australia – the regulatory clearance interplay

White & Case LLP on

Foreign direct investment (FDI) accounted for $36.6 billion of investments in Australia in 2021. With prominent levels of M&A activity, private equity and investment funds are increasingly in the spotlight from antitrust...more

International Lawyers Network

Establishing a Business Entity in Australia (Updated)

TYPES OF BUSINESS ENTITIES - There are a number of business structures to choose from when starting a new business venture in Australia. Investors need to determine which form of business organisation is the most...more

World Law Group

[Webinar] The G in ESG - December 8th, 8:00 pm - 9:00 pm EST

World Law Group on

A corporation's purpose, the role and makeup of its board of directors, shareholder rights and disclosures, and measuring executive performance are globally recognized as critical factors in corporate governance. How can a...more

Jones Day

ASIC's Latest Corporate Finance Update: Practice Points for Schemes of Arrangement

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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

International Lawyers Network

Establishing a Business Entity in Australia (Updated)

TYPES OF BUSINESS ENTITIES - There are a number of business structures to choose from when starting a new business venture in Australia. Investors need to determine which form of business organisation is the most...more

Jones Day

Australian High Court Rejects "First to File" Approach to Choosing Between Competing Class Actions

Jones Day on

There is no "one size fits all" approach to competing class actions. Five competing and overlapping shareholder class actions were commenced in two separate Australian courts against AMP Limited. All actions were...more

International Lawyers Network

Establishing A Business Entity In Australia (Updated)

TYPES OF BUSINESS ENTITIES - There are a number of business structures to choose from when starting a new business venture in Australia. Investors need to determine which form of business organisation is the most...more

K&L Gates LLP

Protecting Your Corporate Keys

K&L Gates LLP on

In an era of online banks and ASIC Corporate Keys, the management of access to your company's digital platforms, which are often critical to your operations, is an essential element of good governance practices....more

K&L Gates LLP

Requisitioners Beware

K&L Gates LLP on

Recent Takeovers Panel declaration confirms that individual shareholders will almost certainty be "associates" for the purposes of a joint requisition....more

Jones Day

Privileges Against Self-Incrimination and Penalties to Impact Australian Class Action Strategy

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The Background: In a shareholder class action, the plaintiff sought discovery of documents from the defendant partnership in relation to alleged statutory contraventions associated with its role as auditor of a company that...more

Jones Day

Has Australia's Takeovers Panel Turned the "Tap" on to More "Association" Proceedings?

Jones Day on

The Situation: A major shareholder of Tap Oil Limited, a company listed on ASX, gave notice of an intention to spill the board, to remove all but one of the current directors, through a general meeting of shareholders. The...more

Jones Day

Shareholder Activism Dealt a Blow in Australia's Federal Court

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The Background: In RBC Investor Services Australia Nominees Pty Limited v Brickworks Limited [2017] FCA 756 (10 July 2017) ("Brickworks case"), a large institutional investor sought to dismantle a cross shareholding...more

Mintz - Securities Litigation Viewpoints

Federal Court of Australia Approves a Common Fund Class Action Model for the First Time – No Opt-In Required

As discussed in this space before, Australia is quickly becoming a key venue for securities class action litigation. With the release of its decision in Money Max Int. Pty. Ltd. (Trustee) v. QBE Insurance Group Limited, the...more

Mintz - Securities Litigation Viewpoints

After Adopting the “Fraud-on-the-Market” Presumption of Reliance, Australia is Poised to Become a Plaintiff-Friendly Venue

The United States is a popular location for securities class actions, due in large part to its reputation as a generally plaintiff-friendly system. A key contributor to that reputation is the acceptance of the...more

Dorsey & Whitney LLP

This Week In Securities Litigation

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The SEC prevailed on two summary judgment motions. One centered on a manipulation action. The other was against an attorney who facilitated a prime bank fraud. The Commission also filed: An action against UBS tied to its...more

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