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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Australia | Publication | September 2019
ASIC has today published a media release confirming that the licensing relief for certain foreign financial services providers (FFSPs) has been extended to 31 March 2020. The relief was due to expire on 30 September 2019. Relief has been extended on the same terms until 31 March 2020.
The extension applies to the ‘limited connection’ relief together with the relief available under:
The extension follows ASIC’s release of Consultation Paper 315 in July 2019 (CP 315), which contemplated the extension of the relief to 31 March 2020.
In summary, ASIC also proposed under CP 315 to:
See our earlier update for more information on these proposals
Please contact us if you would like more information on ASIC’s proposed foreign AFS licensing regime and funds management relief.
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Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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Our Asia Competition Law facts sheets provide insights into the main competition law regimes across Asia, reflecting the experience and reach of our Asia competition team in an ever changing and increasingly complex competition law environment.
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