With increased short selling and the advance of activist short sellers in the Australian market, it is time for companies to put themselves in the best position to stand tall against potential attacks.
From 31 March 2017, ASX will no longer be agreeing to requests by a listed entity for a trading halt to help facilitate a bookbuild process for a sale by an existing security holder of a major stake in the entity.
This case provides some useful guidance on some key aspects of oppression claims, and also illustrates that courts will be reluctant to wind up solvent companies, even where the parties are in deadlock and oppression has been established, in this case preferring to make buy out orders at a price to be determined.
This case serves as a reminder that while the power of shareholders under section 249F of the Corporations Act 2001 (Cth) to call a general meeting is an important statutory right, strict compliance with the requirements of the Act (including the proxy requirements under section 250B) is required.
G+T is launching a new update that will aim to cover key legislative, regulatory and industry developments impacting business in the fintech space. This month’s update discusses key regulatory developments in the world of distributed ledger technology (DLT), AML/CTF regulation and banking licencing.
On 20 March 2017, the Commonwealth Parliament passed the Corporations Amendment (Crowd-sourced Funding) Bill 2016 to provide a regulatory framework for crowd-sourced equity funding (CSF) in Australia. In this insight, Partner Deborah Johns and Special Counsel Peter Reeves break down the key features of the bill.
Gilbert + Tobin has released the 2017 edition of its Takeovers + Schemes Review, providing an in-depth review of 2016's public company merger and acquisitions (M&A) transactions valued over $50 million. It provides Gilbert + Tobin's perspective on the trends for M&A in 2016 and what that might mean for 2017.