The Government and FIRB have been reluctant to approve foreign acquisitions which may result in parties who have lower levels of interest in developing Australian assets ahead of global interests.
In 2012 a story of fiduciary duties, conflicts of interest and human frailty in pursuit of personal profits at the expense of shareholders was alleged by a number of US pension funds.
Shareholder class actions have become a prominent aspect of the Australian litigation landscape, with suits against blue chip Australian corporations - but what do shareholder class actions achieve?
Is the Proposed Guidance by the Commodity Futures Trading Commission on OTC Derivatives Reform driving towards regulatory cohesion, confusion or imperialism?
In lieu of designing and imposing integrity systems, we should dig deeper into understanding of the nature and dynamics of the "micro-foundations" of financial markets.
Despite the headlines, the Centro class action settlements may reflect the danger of a growing thicket of uncertainty and a missed opportunity to clear a path towards clarity in legal obligation.