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The Next Web (Free subscription) | 11/19/2009
The founder of PeopleBrowsr, a visual dashboard for your online identities, which has received quite positive reviews since it launched late last year, has beaten the wrap on insolvent trading charges brought by the Australian Securities and Investment Commission (ASIC) in relation to another of his startups, One.Tel. Jodee Rich avoided the possibility of being banned [...]
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Net News Publisher (Free subscription) | 11/18/2009
The Liberian government has announced that it signed a $1.6 billion investment agreement with the Indonesia-based agribusiness and food company, Golden Agri-Resources. The chairman of the National Investment Commission, Dr. Richard Tolbert, who made the disclosure to reporters in Monrovia Tuesday, said consistent with the agreement the company is to cultivate an estimated 500,000...
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PR News Wire (Free subscription) | 11/09/2009
NEW YORK, Nov. 9 /PRNewswire/ -- A Dow Jones & Company survey of top financial executives found that while investment banks may have lost their clients' trust, investment bankers themselves have managed to maintain client confidence and loyalty.
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Peter Martin (Free subscription) | 12/04/2009
... about basic banking products". The number turns out to be the Australian Securities and Investments Commission switchboard. When The Herald phoned it yesterday a recorded voice asked whether the caller was an ASIC-registered agent, a company director, or wanted information about scams, financial products or services. The third prog - a website entitled understandingmoney.gov.au...
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The Wall Street Journal (Free subscription) | 12/02/2009
Proposed legislation would shift the monitoring of real-time trading to the Australian Securities and Investments Commission.
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News-Insurances (Free subscription) | 12/02/2009
Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. , which American International Group Inc. (AIG) selected to buy its Taiwan life insurance unit for US$2.15 billion, said Wednesday they will send a revised application to Taiwan regulators on the acquisition “hopefully next week.” Taiwan’s Investment Commission last week turned down the consortium’s...
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The Wall Street Journal (Free subscription) | 11/23/2009
Some lawmakers allege that the Hong Kong buyers of AIG's Nan Shan Life Insurance unit are really a front for mainland Chinese interests. Taiwan's Investment Commission turned down the consortium's initial application, citing missing paperwork.
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Corporate Law and Governance (Free subscription) | 11/25/2009
The Australian Securities and Investments Commission has published for a comment draft guidance concerning directors' duty to prevent insolvent trading under Section 588G of the Corporations Act (2001) : see here ( pdf ). The guidance identifies the key matters which ASIC considers directors should take into account in meeting the duty as well as explaining those factors which ASIC will...
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Market Watch (Free subscription) | 11/19/2009
TAIPEI (MarketWatch) -- The Taiwan government rejected an application submitted by a consortium comprising Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. (0235.HK) to buy AIG's Taiwan unit Nan Shan Life Insurance Co., Emile Chang, deputy executive secretary of Taiwan's Investment Commission, said Thursday.
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News.com.au (Free subscription) | 11/27/2009
But it could be some time before the pair are paid because the costs they incurred in one of the largest civil cases in the NSW Supreme Court have to be worked out. In the court last week, Justice Robert Austin dismissed the Australian Securities and Investments Commission's (ASIC) case against the two men, finding ASIC failed to prove any aspect of its allegations. ASIC had alleged Mr...
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Woolly Days (Free subscription) | 11/22/2009
Last week, the NSW Supreme Court ruled in favour of One.Tel directors Jodee Rich and Mark Silbermann in their long-running case against the Australian Securities and Investment Commission. Justice Robert Austin said ASIC’s contentions were “superficial” and awarded costs of $15m to the defendants, leaving the taxpayer with a bill of $40m. Austin slammed ASIC’s...
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DealBook (Free subscription) | 11/19/2009
Standard & Poor's has joined Moody's in withdrawing its application to supply ratings of corporate bonds and other debt-based securities to retail investors in Australia, after new rules were announced this month by the Australian Securities and Investments Commission.
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The Age (Free subscription) | 11/23/2009
In a rare public hearing, an Australian Securities and Investment Commission fraud investigator revealed three officers "sporadically" reviewed transcripts of the Cole commission, the 2006 inquiry into the biggest corporate kickback scandal in the nation's history.
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Sydney Morning Herald (Free subscription) | 11/23/2009
In a rare public hearing, an Australian Securities and Investment Commission fraud investigator revealed three officers "sporadically" reviewed transcripts of the Cole commission, the 2006 inquiry into the biggest corporate kickback scandal in the nation's history.
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News.com.au (Free subscription) | 11/26/2009
... of Sorrento but there is no sign of Mr Johnston there, observers say.The Australian Securities and Investments Commission (ASIC) launched civil proceedings against Firepower last year.The watchdog said its investigations showed the company had breached the Corporations Act by selling shares in a company for which it did not issue a prospectus or a disclosure document.Liquidator Bryan...
