The Australian Securities and Investment Commission (ASIC) has announced that it will delay the release of its proposed best practice guidelines on handling confidential information (Guidelines) for six to nine months. This follows an uproar from critics that the Guidelines would inhibit the efficient functioning of capital markets by wrapping...
On 18 January 2010, Hynes Lawyers reported on the Productivity Commission’s (Commission) final report on Australia’s director and executive remuneration framework (Report). The Report followed public consultation which occurred late last year and contained the Commission’s final recommendations for law reform in this...
The corporate team at Hynes Lawyers has strategically guided Meijin, one of the biggest coal producers in China, on its takeover bid of DMC Mining Limited (ASX Code: DMM). The Meijin offer effectively values DMC Mining Limited at $43.4m. ‘This high-end corporate takeover is a fantastic transaction for our client, and the quality of our...
We are well aware of the pressures that are placed on body corporate managers on a day to day basis. The Act includes a myriad of timing requirements around all forms and manner of notices, and the unfortunate reality is that sometimes those timeframes are not met.
But what are the consequences of failure to comply with the statutory...
There are two codes of conduct for resident managers under the BCCM Act. One applies as a caretaking service contractor and the other as a letting agent. These codes of conduct are deemed to be part of every caretaking agreement and letting agreement.
For all intents and purposes they include relatively similar duties, which include, amongst...