A crucial element of market regulation in Australia geared towards achieving and maintaining market integrity is the obligation of listed and other disclosing entities to continuously disclose material information to the market: ASX Listing Rule 3.1. ASX Compliance (a wholly-owned subsidiary of...

In modern markets the need for the timely disclosure of detailed, accurate financial information is born of the radical separation of management and control apparent in the majority of large modern organisations. Inadequate disclosure of material information concerning the future and fortunes of...

The question as to whether aggrieved shareholders should rank equally with creditors in cases of insolvency involving illegal or misleading conduct sits at the crossroads of both insolvency and securities law. Important questions arise at this juncture concerning the fairness, certainty,...