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SEVEN Network’s $3 billion merger with Kerry Stokes’s privately owned industrial equipment business has been approved by the Federal Court. Justice Peter Jacobson gave the scheme of arrangements for the union the green light today. “There’s nothing to suggest that the unrelated shareholders or the TELYS3 holders voted otherwise than in good faith,” Justice Jacobson [...]

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JANUARY is traditionally a slow news month. Perhaps this is why a comparatively dull topic such as corporate law reform generated much in the way of press on and around 20 January 2010. Even more so when one considers that perhaps the relevant minister, Chris Bowen, may have been able to have achieved what many [...]

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COMMENTATORS have taken the federal government’s move to overturn the effect of the High Court’s decision in Sons of Gwalia v Margaretic as a chance to slate the court’s decision. Read more in theNewLawyer and reproduced with permission.

The Federal Government’s legislation on executive pay has passed through both houses of Parliament and is expected to take effect next week. These changes were announced by the Government in March 2009 in response to shareholder backlash against termination benefits paid to senior executives, particularly during the GFC when share prices were falling. The intention [...]

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today (06/11/2009) welcomed the agreement reached at the Ministerial Council for Corporations (MINCO) meeting in Sydney on the next step in reform of directors’ liability provisions.   Read more in the media briefing.   Brisbane Barrister – David Cormack