The BEAR accountability obligations of ADI’s and individual accountable persons include conducting business with honesty and integrity and to prevent matters from arising that would adversely affect the ADI’s prudential standing or prudential reputation. The UK Financial Conduct Authority which administers the UK’s Senior Managers and Certification Regime (SMCR) (on which BEAR is based) has made it clear in a letter to the House of Commons Women and Equalities Committee that it views sexual harassment…
I have published a new 20 minute video on loan guarantees, incorporating recent cases and good practice guidelines from the Banking Code of Practice. It is suitable for people new to the finance sector or wanting a refresher. Watch the video here. PS Why video training? Videos are very convenient. A couple of clicks and you’re already viewing the program, no matter where you are — at work, at home, or travelling. And there…
The Australian Prudential Regulation Authority (APRA) has released for consultation a draft form and guide for applications to acquire a controlling stake in a registrable superannuation entity (RSE) licensee. The new process follows the amendment of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019. From 5 July 2019, APRA must approve a person seeking to acquire a stake…
Therium Funds Class Action Against Domino’s Pizza Therium Capital Management is set to fund a class action being brought by law firm Phi Finney McDonald against Domino’s Pizza in Australia. The action alleges that Domino’s underpaid ‘casual’ workers between June 24, 2013 and January 24, 2018. Please log in to read full articleLog In Register About View all posts by
Argentina Loses Appeal to US Supreme Court; Burford Sells Further 10% Stake The US Supreme Court has refused to hear Argentina’s preliminary jurisdictional appeal in the Peterson claim, which means the case will be heard in the US rather than Argentina. The news coincides with Burford selling a further 10% stake in the claim on the secondaries market for $100MM. Please log in to read full articleLog In Register About View all posts
Innsworth Looks to Take Advantage of UKs New Collective Action Regime Innsworth Litigation Funding is financing the largest damages claim in UK legal history – the £14 billion Mastercard group action. The claim herald’s the rise of large, US-style class actions in the UK, and is the first to be levied under the collective action framework introduced by the Consumer Rights Act of 2015. Please log in to read full articleLog In Register About
Murray Goulburn Settles IMF Bentham-Funded Class Action for $42MM The now-defunct Australian dairy processor Murray Goulburn has settled one of two outstanding class actions against it. Law firm Slater & Gordon and litigation funder IMF Bentham have secured a $42MM settlement for the more than 1,300 retail and institutional investors. Please log in to read full articleLog In Register About View all posts by

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