Category Archives: Securities Law

Bank Loan Approvals – a word of caution


I wrote the bones of this post in 2013, but its even more relevant now with stories of banks reneging on loan approvals just as the unit settlement date approaches. Basically:  Bank loan approvals mean very little if anything especially … Continue reading

Posted in Banking & Finance, Commercial Property, Construction Law, Litigation, Property Law, Residential property, Securities Law, Subdivisions, Unit Titles | Tagged , , , | Leave a comment

Dick Smith: Private Equity $500M, Investors Zero


I have been following the saga of Dick Smith’s receivership with great interest, not because anything illegal happened (at least, not as far as I can tell), but for the illustration of corporate raiders at work. There is a very … Continue reading

Posted in Banking & Finance, Business Law, Securities Law | Tagged , , , , , | Leave a comment

Bank Loan Approvals – A word of caution


They don’t mean anything, and they never have. You may think you can go and make your offer in safety.  You can’t. All bank loan approvals are “indicative”…ie they merely indicate what the bank “might” be prepared to lend.  They … Continue reading

Posted in Banking & Finance, Business Law, Commercial Property, Property Law, Residential property, Securities Law, Subdivisions | Tagged , , , , | 1 Comment

Financial Markets Authority – Guidelines on Disclosure in Investment Statements and Prospectuses


Just a short update: Further to our earlier article on disclosure guidelines distributed for comment by the FMA, the expected timetable of final guidelines by the end of March seems to have fallen by the wayside. Instead the FMA got … Continue reading

Posted in Banking & Finance, Business Law, Commercial Property, Property Law, Securities Law | Tagged , , , , , , | Leave a comment