In May, the FCA consulted on what a new regime could look like. In its detailed proposals published today, it has kept the suggested change to a simplified listing regime with a single listing category, with streamlined eligibility and ongoing requirements, aimed at encouraging a greater range of companies to list in the UK and …
ASIC has commenced civil penalty proceedings in the Federal Court against Open4Sale Global Ltd (Open4Sale Global) and two of its directors, Simeon La Barrie and Ewald Hafer, for allegedly offering shares in the company and distributing application forms without the required disclosure document. ASIC alleges that over a four-year period between March 2019 and July …
ASIC takes civil action against Open4Sale Global Ltd and two of its directors Read More »
Former registered liquidator Peter Andrew Amos appeared in the Downing Centre Local Court on 19 December 2023 charged with six counts of dishonestly using his position as an officer of a company to gain an advantage for his business and himself contrary to s184(2)(a) of the Corporations Act. Mr Amos was a registered liquidator and …
Former registered liquidator pleads guilty to dishonest conduct Read More »
ASIC’s latest annual statistics of reports lodged by registered liquidators about Australian corporate insolvency, released today, has highlighted the lag of the impact of the COVID-19 pandemic on small business. For the period 1 July 2022 to 30 June 2023, small to medium size corporate insolvencies continued to dominate external administrators’ reports. Of the reports …
ASIC’s annual corporate insolvency statistics shows COVID-19 impact on small business Read More »
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