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The ruling on Friday in the "Tinkerbell" case firmly establishes that the Takeovers Panel is a professional tribunal rather than an ersatz court.
21 Nov 2012
Australian banks have historically relied on formal liquidation, voluntary administration and receivership processes available under the under the Corporations Act 2001 (Cth) and under general law where informal restructurings have failed.
14 Nov 2012
Collaborations between business, universities and other publicly-funded research organisations are an important driver of innovation, and Australia's IP laws generally support them, but confusion and lack of certainty about commercial arrangements are getting in the way. That's the finding of the latest ACIP report, Collaborations between the Public and Private Sectors: the Role of Intellectual Property.
12 Nov 2012
On 17 October 2012, Nine Entertainment announced that it had reached an agreement with representatives of its senior and junior lenders with respect to a restructuring of its financing arrangements. Prior to the announcement, recent business press had been dominated by reports of Nine Entertainment's potential insolvency.
18 Oct 2012
There is little doubt that the Commissioner of Taxation (the Commissioner) is the most common defendant to "unfair preference" claims by company liquidators. Recovery actions against the Commissioner are often the first such action to be pursued by a liquidator, hardly a surprising strategy in circumstances where the Commissioner is a solvent, well-resourced defendant and is subject to "model litigant" obligations.
15 Oct 2012