Australian corporate law reform

The Federal Government has recently issued three discussion papers on corporate law reform. Partners John Warde and Richard Spurio, and senior associate Matthew McLennan highlight the main issues in each paper.

John Warde and Richard Spurio, partners at Allens Arthur Robinson, and Matthew McLen-nan, senior associate, also at Allens Arthur Robinson.

How does this affect you?

• The insider trading law applies to all businesses and individuals trading in ‘Division 3 financial products’ (which include securities and a wide range of other financial products). The proposed reforms will have a significant impact on the law and are of particular importance to directors and senior executives, issuers, members of takeover bid consortia, and businesses that rely on Chinese walls.