Category: Uncategorized

Brexit déjà vu  On 14 September 2020, the United Kingdom Internal Market Bill (‘UKIMB’ or ‘the Bill’) passed at Second Reading in the House of Commons. The political tension caused by the UK government’s attempt to switch off the direct effect of the Withdrawal Agreement in its Internal Market Bill bears a striking similarity to…

#MICUS 2020, the Morningstar conference, had so much to write about during day 1 that it may take me a month or so to go through it. Register for day 2 if you missed the first day. I just heard Larry Fink, of BlackRock. For someone heading the largest pile of investment money in the…

Catchwords: CORPORATIONS – application by liquidator for appointment as receiver and manager of trust property pursuant to s 57 of the Federal Court of Australia Act 1976 (Cth) Article source: https://jade.io/viewArticle.html?aid=765521&pid=-1&h=406995063

Catchwords: CORPORATIONS – where company in voluntary administration – where administrators thwarted in obtaining access to company’s books and records including by acts or omissions by its sole shareholder – where objectives of Pt 5.3A of the Corporations Act 2001 (Cth) unlikely to be achieved by continuing the administration – whether administration should be brought…

Catchwords: CONTRACT – Sale of shares in target company whose principal asset was a coalmining tenement – Purchase price payable by applicant to first respondent to be fixed by valuation of tenement – Applicant paid part of purchase price – First respondent sought payment of balance – Valuation fraudulent – Whether obligation to pay purchase…

Catchwords: COSTS – indemnity costs – right under contract – also otherwise payable as more appropriate compensation of plaintiff. https://jade.io/viewArticle.html?aid=765466&pid=-1&h=471502111

New York Amsterdam News; 09/17/2020(AN 145996383); ISSN: 10591818Academic Search Complete

New York Amsterdam News; 09/17/2020(AN 145996385); ISSN: 10591818Academic Search Complete

Catchwords: CORPORATIONS – COMPANY RECEIVER AND MANAGER – Application to restrain receiver and remove for misconduct – Letter from receiver making baseless allegations of dishonest and unprofessional conduct and collusion against fellow professional – Misconduct for purposes of s 434A – Discretion to remove receiver – Private nature of communication – Reciprocal undertakings – Application…

The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure.  The amendments are designed to modernize the rule, which was last… Article source: https://www.sec.gov/news/press-release/2020-212