04Oct
Australian IPOs and Takeovers: Liability Has Increased, Defences Are Eroded - Civil penalty liability now affects prospectuses and takeover documents, and the existing criminal and civil liability regimes for these documents have defences to liability.
Liability for companies launching an Australian IPO or takeover changed significantly this year—with not so much as a murmur of protest from the market. Due diligence just got more important, but the reason may surprise you. Liability Has Increased...
By:
Jones Day
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