All posts tagged "Class Action"
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777FeatureHK SPAC Regime Threatened by Lack of D&O Insurance – Report
Few insurers in Hong Kong provide liability insurance for directors and officers of SPACs. Those that do charge premiums up to five times higher than for traditional IPOs.
February 17, 2022 -
257Australia & NZANZ Faces Class Action for Over Credit Card Interest Charges
The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
December 9, 2021 -
500ChinaChinese Court Rules Executives, Auditors Liable for Kangmei Fraud
Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China's first ever class action against corporate fraud.
November 18, 2021 -
220Australia & NZAustralia Tables Final Tranche of Royal Commission-related Bills
Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.
November 6, 2021 -
270Australia & NZ
New Zealand: Class Action Filed Against ANZ, ASB
The class action reportedly involves interest and fees ANZ and ASB were not entitled to charge due to breaches of their disclosure obligations.
October 5, 2021 -
805ChinaChina Pledges to Open Up Corporate Credit Bond Market
Coordinated efforts will be made to unify access arrangements for foreign institutional investors and streamline requirements on the management of cross-border capital.
August 19, 2021 -
328AML / KYCAUSTRAC Consults on AML/CTF Rule Amendments
The amendments allow FIs to carry out ACIP on a customer after an account is opened, provided the initial deposit is the only transaction made at opening.
July 31, 2021 -
176Australia & NZASIC Proposes Additional Guidance on Litigation Funding
ASIC proposes to grant relief from the equal treatment duty to enable the effective distribution of a resolution sum obtained in a class action.
July 18, 2021 -
421ChinaChina to Require Cybersecurity Reviews Before Firms List Overseas
Companies that have personal information of more than 1 million users must submit to a cybersecurity review by the Office of Cybersecurity Review.
July 14, 2021 -
169Australia & NZAustralia Considers Additional Rules for Litigation Funders
The government will consider capping fees and the introduction of a minimum rate of return for class action members.
June 3, 2021
