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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Banking and Finance Law Posts
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.
Read moreHigh 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.
Read moreWhat’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.
Read moreAUSTRAC 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.
Read more5 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 moreCorporate 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…
Read moreThe Electronic Conveyancing National Law, Forged Mortgages and Immediate Indefeasibility [Sample Article]
The introduction of the Electronic Conveyancing National Law (ECNL), with its emphasis on the verification of identity (VOI) of the mortgagor by a mortgagee, is expected to reduce the registration…
Read moree-Conveyancing – Coming, Ready or Not [Webinar]
Are you ready? The mandatory use of PEXA for the majority of mortgage and conveyancing transactions is fast approaching for New South Wales, Victoria and Western Australia and its impact…
Read moreThe Challenges of Executing Deeds in the Digital Age [Infographic]
Thomson Reuters recently presented a webinar on the valid execution of deeds and documents: E-Signed – and Sealed? Executing Deeds in the Digital Age. Tim Perry, Head of Corporate and…
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