31 August 2005
Welcome to the August edition of Clayton Utz Banking & Financial Services Insights. In this edition we'll examine the latest APRA publications on IFRS and Basel II and also question are "special purpose vehicles" an effective way to reduce property project risks and limit recourse to project assets and cashflows.
We also examine the impact of new pension laws on UK corporates' liability to fund superannuation deficits in the UK. We discover how secured creditors risk losing their security when voting in a poll of creditors in respect of their whole debt.
Finally, see the impact boardroom dynamics can have on individual directors' duties.
By Brian Salter and Matthew Parsons.
Brian Salter and Matthew Parsons look at draft APRA prudential standards and discussion papers that have recently been released in relation to Tier 1 capital and the implementation of Basel II.
By Jane Paskin.
If you are part of a worldwide group of companies with subsidiaries in the UK you need to be aware of changes to corporates' liability to fund superannuation deficits in the UK, as Gareth Griffiths and Jane Paskin explain.
By Graeme Gurney.
SPVs are commonly used to limit liability, but is that all project participants have to do? Graeme Gurney, considers that you need to also use other techniques.
By Karen O'Flynn.
Karen O'Flynn discusses the impact boardroom dynamics can have on individual directors' duties, as highlighted in a recent Queensland court case.
By Paul James, Rebecca Hope and Elliot Raleigh.
Narelle Smythe's practice focuses principally on retail financial services, payment systems, e-commerce and privacy. Her practice includes both commercial and litigious advice in these areas.
