Doing business in Australia answers some of the most common questions an overseas investor may ask when establishing a business presence in Australia. It aims to provide an introduction to the laws of Australia for overseas legal practitioners.
Australia generally welcomes foreign investment. The Foreign Investment Review Board (FIRB) screens certain foreign investment proposals on a case-by-case basis to determine whether a particular proposal is contrary to the national interest. This brochure explains some of the rules governing the screening process through FIRB.
It's a time of much uncertainty for the equity capital markets community as a result of the cases being brought by the ACCC and ASIC in relation to the ANZ capital raising in 2015. ASIC’s report 605 gives almost no guidance on when disclosure is required in relation to a shortfall, however it does give guidance on two important issues: allocation processes and bookbuild messaging.
On 5 February 2018, the Federal Court’s decision in Resource Capital Fund IV (RCF) shook the Australian private equity (PE) market with a dramatic shift from industry practice. It is important to note that the decision does not purport to address the legal personality of limited partnerships (LPs) in any jurisdiction – just the tax treatment i
On 13 October 2014, ASIC released Regulatory Guide 253 (RG 253) to provide guidance about the application of the Australian prospectus and financial services licensing requirements in connection with offers of CHESS depository interests (CDIs) over securities of a foreign company.