Law supporting the function of providing loans or other financing to businesses or individuals.
There were a handful of smaller news items this week including APRA’s release of a service provider template for the purpose of CPS 230, and a new version of SPS 114 released which is more aligned with CPS 230.
It was coined as a ‘gamechanger’- an ETF that can be bought and sold on the ASX or Cboe Australia but that can also be applied for, and redeemed, directly with the issuer.
This week Parliament passed legislation to increase the Commonwealth penalty unit and introduced two new Bills which propose new cyber security reporting obligations.
Goulston & Storrs, represented Lawrence General Hospital and a newly formed not-for-profit in the acquisition of the Holy Family Hospital assets in Massachusetts, from Steward Health Care System.
This week, APRA released its new ‘Comprehensive Product Performance Package’ which provides further information about the investment performance of superannuation products.
Snaid & Morris, a renowned legal firm, proudly announced its victory at the British Chamber of Business in Southern Africa’s (BCBSA) prestigious Lions Awards. The company received the SMME excellence award, recognizing its outstanding achievements and dedication to business excellence.
After executing a purchase and sale agreement for the entire property, the parties agreed to split the transaction into two staggered sales, reduce the purchase price, and include an earnout provision in connection with potential future development.
It was a busy week in Parliament this week with the Bill to include superannuation contributions on Government paid parental leave passing, and the introduction of a new Bill to reform the privacy laws.
A creative attempt by a borrower to forestall foreclosure and recover damages against its lender ended badly for the borrower, with the borrower and its counsel being sanctioned.
As lenders and borrowers try to get creative in working through ongoing distress in the real estate market, especially in certain asset classes, it is crucial for lenders to understand the nuances of lender liability claims.