Reading RoomIn this issue:
To view the full update, please download PDF.
The UNCTAD Survey 2009-2011 ranks Australia in the top 10 of the most attractive countries in which to invest. Whilst domestic growth eased in 2009, it is picking up and the general consensus to date is that most of the problems directly related with the GFC did not significantly affect Australian financial institutions.
To view to full Update, please download PDF.
Maddocks Bank Notes has followed with interest the legal tussle for supremacy of creditors and shareholders when a company becomes insolvent in the case known as the Sons of Gwalia. The High Court of Australia recently overturned the lower court's ruling and held that when an insolvent company goes into external administration, …
The softening of Foreign Investment Review Board (FIRB) requirements over the last year for investment in Australian real estate has given more flexibility to both foreign investors and local developers.
Significant changes include:
Welcome to the first edition of Maddocks Bank Notes, prepared by the Banking and Finance team at Maddocks.
Over the last 6 months there have been a number of developments in the law which affect the provision of finance particularly for commercial development projects.
We aim to provide brief snapshots of recent legal developments which will give you an awareness of matters …
The New South Wales Government has introduced into Parliament the State Revenue Legislation Further Amendment Bill 2009. Once it is enacted in the next week or so it will significantly impact:
Few will now argue that the global recession has arrived. Forecasts for 2009 are generally far from optimistic and the effects are already being felt here in Australia. No more evidence is needed than the recent Rudd Government response to the concerns of commercial developers obtaining refinance for loans by foreign lenders. The so called, “Rudd Bank” highlights that for the next …