Through the mill

Article Abstract:

The insolvency of the grain miller, Water Wheel, provides a message to the non-executive directors that they must ensure that competent managers have briefed them completely on the companyEs financial position. They are not just figureheads and cannot be allowed by the court to defend themselves by saying that they were unaware about it. The Australian Securities and Investments Commission (ASIC) have provided a list of signs of insolvency and have launched a campaign against insolvent trading.

Analysis, Company legal issue, Cases, Influence, Powers and duties, Bankruptcy, Australia. Securities and Investments Commission, Bankruptcy reorganizations, Bankruptcy reorganization, Company bankruptcy, Executive directors

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The advice trap

Article Abstract:

A uniform regulation of the financial services is recommended by the Wallis Committee report in 1997 that requires a license for those who give financial advices or deal in financial products. It is reported that thousands of non-financial sector businesses are caught because they are third party distributors of insurance and bank products.

Investment advice, Investment Advisory Services, Investment advisers, Licensing, certification and accreditation

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London calling: the jobs market and salaries are being stirred by London firms recruiting lawyers in Australia after a lull of three years

Article Abstract:

The recruitment of Australian lawyers by the law firms in England is discussed. The boom in the tax work and the changes in the regulation of financial services are suggested to be the reasons for the recruitment.

United Kingdom, Forecasts, trends, outlooks, Legal services, Attorneys, Offices of Lawyers, Personnel administration, Forecasts and trends, Lawyers, International aspects, Recruiting, Market trend/market analysis, Labor market, Industry hiring, Labour market

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