HENRY DAVIS YORK Brisbane Office
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12 Dec 2016
Supreme Court of Queensland refuses to grant summary judgment on a debt claim on grounds of statutory unconscionability on the basis that the borrower and guarantors would likely become insolvent if claim proceeded to judgment without set-off or reduction.
30 Sep 2016
ASIC has extended relief for certain foreign financial service providers providing financial services to wholesale clients in Australia for two years and intends to consult with the financial services industry on proposed amendments to the relief during this time.
29 Jul 2016
On 21 July 2016, ASIC released its report setting out its proposals for providing guidance to responsible entities (REs) in relation to risk management systems. We explore what "owners" of the product and outsourced investment managers should understand about what their RE does (and is required to do) in performing its role, as it fundamentally affects their product, their business and their reputation.
25 Jul 2016
While the prospect of a Royal Commission into the financial services industry may have diminished in light of the outcome of the recent Federal election, it is still worth understanding potential ramifications should such an inquiry of this magnitude still proceed.
30 Jul 2015
On 28 July 2015, ASIC released new regulatory guidance and waivers to further enable financial services disclosures to be provided through digital channels. This initiative also encourages innovation in other areas of communication about financial products and services.