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We previously reported on proposed amendments to the ASX Listing Rules to require an applicant for ASX Listing to satisfy ASX that its directors or proposed directors at the date of listing are of good fame and character. Those amendments were implemented on 1 January 2012.
Applicants are required to provide to ASX in respect of each director a criminal history check and a bankruptcy check (not more than 12 months old, or if the director is not an Australian resident, equivalent national check for each country in which the director has resided over the past 10 years) and a statutory declaration affirming that they have not been the subject of relevant disciplinary or enforcement action by an exchange or securities market regulator.
Applicants should have regard to the time required to obtain such checks when determining their timetable for listing.
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In the biggest shake-up of Australia’s antiquated company signing requirements, the Federal Government has temporarily modified the Corporations Act 2001 (Cth) to allow for companies to...
Deadlines to lodge your Modern Slavery Statement(s) have now shifted to account for the disruption and complications caused by COVID-19.
This piece is designed to prompt thoughts of what changes may be required in private M&A documents in order to accommodate and allocate risks relating to COVID-19 and the fallout from this pandemic.