Treasury releases proposed directors' liability reforms for public consultation *

Australia - March 22 2012
On 27 January 2012, the Treasury released an exposure draft of the Personal Liability for Corporate Fault Reform Bill 2012.

Co-authors: Jane Hogan, Rachel Launders.

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Further reforms to executive remuneration laws announced *

Australia - March 22 2012
Following recommendations made by the Corporations and Markets Advisory Committee, the Government has announced that it will amend the Corporations Act 2001 (Cth) in order to improve disclosure in executive remuneration reports.

Co-authors: Jane Hogan, Rachel Launders.

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PPSA register commenced on 30 January 2012 but it's not all smooth sailing *

Australia - March 22 2012
The national Personal Property Securities (PPS) Register commenced on Monday, 30 January 2012.

Co-authors: Jane Hogan, Rachel Launders.

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Full Court of the Federal Court of Australia considers fiduciary and statutory duties owed by directors to a company in Omnilab Media Pty Limited v Digital Cinema Network Pty Ltd *

Australia - March 22 2012
This case concerned a joint venture company, Digital Cinema Network Pty Ltd (DCN), which negotiated with film studios and cinema owners in preparing Virtual Print Fee (VPF) agreements with regards to US film studies providing financial assistance to cinema owners converting movie projections from analogue to digital.

Co-authors: Jane Hogan, Rachel Launders.

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Supreme Court of NSW considers scope of a vendor's obligation to do "all things necessary" in SWM Financial Services Pty Ltd v Lloyd *

Australia - March 22 2012
This case concerned a contract for the sale of an accounting business by Mr Lloyd and Ms Wu (the vendors) to SWM Financial Services Pty Ltd (the purchasers).

Co-authors: Jane Hogan, Rachel Launders.

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