In most large banking and finance transactions, where the bank (or banks) have engaged an external law firm to draft the financing documents, the bank will almost always require a legal opinion.
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Protecting Vulnerable Investors During the COVID-19 Pandemic & Beyond
Regulators have placed emphasis on the obligation to treat customers fairly, now and post-pandemic.
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The New Normal of Acquisition Financing: What has Changed Due to COVID-19?
The outbreak of the 2019 novel coronavirus disease (COVID-19) continues to have a significant impact on a range of industries and organisations globally.
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3 Financial Covenants to Consider in Your Acquisition Loan Agreements
If you are a lender providing funds for a borrower’s acquisition of a company, unit trust or key business assets, be mindful of these three financial covenants.
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Boost CPD Points: Practical Law’s Top Picks from Thomson Reuters’ Webinars
31 March 2020 is a crucial day for the legal profession. It’s the last day of the Continuing Professional Development year in many States and Territories. The Practical Law Team has suggested some top webinar picks to assist your learning.
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High Court Confirms ‘Cuckoo Smurfing’ Alive and Well
There is now no doubt that sophisticated and modern variations of ‘cuckoo smurfing’ are caught by the Proceeds of Crime Act 2002, Thomson Reuters Author, Dr Mathew Leighton-Daly, demonstrates in this article.
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What’s New in the 2020 Banking Code of Practice
Following the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry issued on 1 February 2019, the Australian Banking Association revised the 1 July 2019 version of its Banking Code of Practice.
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AUSTRAC Goes After Westpac with Allegations of Anti-Money Laundering Misconduct
Westpac failed to report over 19.5 million International Funds Transfer Instructions to AUSTRAC over nearly five years for transfers to and from Australia.
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5 Clauses in Syndicated Facility Agreements that are Worth Revisiting
The Practical Law Australia Banking and Finance team have released a suite of over 50 documents in a new syndicated facility lending module.
Read more![Corporate Governance and the Banking Royal Commission [Webinar]](https://insight.thomsonreuters.com.au/legal/wp-content/uploads/sites/8/2019/06/banking-royal-commission-e1554269002315-270x141.jpg)
Corporate Governance Lessons from the Banking Royal Commission [Webinar]
The Banking Royal Commission Final Report may have been released months ago, but its impact, even on industries outside the financial services space, continues. In an increased regulatory environment, corporations…
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