Corporate & Commercial

KHQ News & Insights

“They didn’t tell me that!” Disclosure regimes for financial products face renewed scrutiny


Posted By on 16/10/19

By Adrian Faelli (Lawyer) and Venn King (Special Counsel) On 14 October 2019, ASIC and the Netherlands Authority for the Financial Markets (“AFM”) released a joint report critical of current disclosure regimes in respect of the full range of financial products across multiple jurisdictions. Entitled “Disclosure: Why it shouldn’t be the default”, the report acknowledges … Read more

Do the new whistleblower laws affect you?


Posted By on 25/03/19

The Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2018 has recently passed both houses of parliament and is now awaiting royal assent.  The Bill was introduced in response to the perceived lack of a protection scheme applicable to whistleblowers in the corporate arena, and the complexities raised by the otherwise “confusing web” of existing whistleblower … Read more

Google fined €50m by French personal data regulator


Posted By on 7/02/19

By Adrian Faelli (Lawyer) and Koula Politis (Senior Associate). On 21 January 2019, the French independent data protection agency, CNIL, fined US-based Google €50m (AUD $79.8m) for failing to provide users with transparent information concerning its data processing purposes, storage periods and ad personalisation. This marks the largest fine imposed under the EU’s General Data … Read more

Encapsulation is not “Made in Australia”


Posted By on 7/01/19

The Federal Court recently ruled that encapsulation of imported supplements in Australia does not justify a “Made in Australia” label The Federal Court has ruled in favour of the Australian Competition and Consumer Commission (ACCC), holding that the encapsulation in Australia of imported fish oil and vitamin D is not sufficient to permit the capsules … Read more

CoOL challenge to “Australian-made” claims


Posted By on 14/11/18

There’s been a lot of coverage about country of origin labelling (CoOL) rules relating to labelling of food.  But what about complementary healthcare products? Claims about where complementary healthcare products are made or manufactured need to comply with the Australian Consumer Law (ACL).  Of course, compliance with the ACL is in addition to sponsors’ compliance … Read more

ACCC steps up country of origin prosecutions


Posted By on 12/11/18

It has been a ‘fine’ time for the ACCC this year – a fact to which Ozwear Connection (‘Ozwear’)and Birubi Art (‘Birubi’) will no doubt attest.  Both these entities have caught the attention of the regulator in relation to country of origin claims. Background Under the Australian Consumer Law (‘ACL’), businesses are prohibited from making … Read more

Hello Australian Financial Complaints Authority – what now?


Posted By on 1/10/18

By Stephanie Koumbarakos (Trainee Lawyer) and Venn King (Special Counsel) Complaints – nobody needs them, but everyone has them!  Which is why there have to date been a variety of external dispute resolution (“EDR”) systems approved by the Australian Securities and Investments Commission (“ASIC”) in the financial services arena.  But who needs multiple dispute resolutions … Read more

Financial services – may the licence be with you …


Posted By on 20/09/18

… or why corporate advisers really need an Australian Financial Services Licence By Venn King (Special Counsel) and Darrell Choong (Trainee Lawyer) There has been a great disturbance in the Force … or the financial services world at least! A recent case, Validus Advisory Group v Consolidated Tin Mines Ltd [2018] NSWSC 417 (“Validus”) has shone … Read more