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Breach of directors' duties: limits of reliance on advice as a defence

  • Jones Day
  • -
  • Australia
  • -
  • November 7 2011

Under the Corporations Act 2001 (Cth) directors and other officers of a company must exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise if he or she were a director or officer of a company in the company's circumstances; and occupied the same office held by, and had the same responsibilities within the company, as the relevant director or officer

Employee stock plans 2012: year-end international reporting requirements

  • Jones Day
  • -
  • Australia, Canada, China, France, India, Ireland, Israel, Japan, Malaysia, Philippines, Singapore, Thailand, United Kingdom, USA, Vietnam
  • -
  • December 6 2012

This Commentary highlights some of the principal calendar and year-end reporting requirements for employee stock plans that U.S. companies most commonly encounter when offering these programs to their employees in selected jurisdictions worldwide

Do-it-yourself funding for class actions in Australia takes an interesting twist

  • Jones Day
  • -
  • Australia
  • -
  • June 7 2013

Third party litigation funders may see their current stranglehold on the lucrative class action market start to weaken after the Australian Federal

Australian Federal Court paves the way for actions against financial product ratings agency

  • Jones Day
  • -
  • Australia
  • -
  • November 9 2012

In the first known decision of its type in the common law world, the Federal Court of Australia has held that a ratings agency owes a duty of care to potential investors