COVID-19 and investment
Despite testing economic conditions, many companies are still looking for opportunities to invest and grow.
While the economic impact of COVID-19 is significant and still unfolding, moves have been made to give companies confidence to continue with plans to invest. These include temporary measures by the Australian Securities Exchange to facilitate capital raising and changes to the foreign investment review framework designed to protect the national interest.
M&A due diligence in the time of COVID-19: What are the ‘hangover’ risks in corporate transactions?
M&A activity continues despite COVID-19, and the changing circumstances may be providing opportunities for buyers. However, measures taken to keep businesses alive during this time may leave you with a nasty hangover post-acquisition.
ASX and ASIC introduce new temporary rules to facilitate capital raising
The Australian Securities Exchange has recently introduced temporary changes to its rules to facilitate emergency capital raisings against the current backdrop of the COVID-19 pandemic. Our Equity Capital Markets team outlines the changes.
Foreign Investment Review Board – Response to COVID-19
The Treasurer of Australia, The Hon Josh Frydenberg MP, announced on 29 March 2020 temporary changes to the foreign investment review framework, designed to protect Australia’s national interest.
Foreign Investment Review Board (FIRB) – COVID-19 changes and impact on capital raising and M&A
The Commonwealth Government announced temporary changes to the foreign investment review framework, designed to protect Australia’s national interest during the COVID-19 crisis. Whilst these temporary measures are in place, Australian companies (particularly small cap companies) looking to firm up additional funding from foreign investors or vendors seeking to sell Australian businesses or companies to foreign investors, are now more likely to require FIRB approval before these investments or acquisitions can take place.
Year-end earnings surprises and continuous disclosure: COVID-19 impact
With the financial year end (or half year) looming for many companies and the impact of COVID-19 over the last few months becoming clearer, ASX listed companies need to think carefully about their market disclosure obligations.
When outsourcing a problem creates a bigger one: The Qantas decision
By Ross Jackson
Transport Workers’ Union has successfully argued that Qantas engaged in adverse action for prohibited reasons.
MICTA/ICTA contracting framework mandated for use by NSW Government from 1 September
MICTA/ICTA framework must be used in place of the previous ProcureIT v3.2 framework
New case on clause 4.6 requests – is it a development standard?
By Joshua Same & Georgia Appleby
Recent judgment in Elimatta Pty ltd v Read and Anor  NSWLEC 75, implicating the drafting of clause 4.6 requests
Misuse of marketing funds: Retail Food Group mounts its defence
By Shaun Temby & Brigitte Challis
The RFG proceedings are the latest in legal and regulatory activity focussed on franchisors misusing marketing funds.