Financial Lines Update
Welcome to our Financial Lines Update, where we bring you our insights into recent events that are relevant to the…
Find past news & insights
Practical tips for banks to ensure compliance with freezing orders
Introduction Following our most recent article on whether a bank can be in contempt of court for breaching the terms…
A bank can be in contempt of court for breaching the terms of a freezing order
Following our last article on whether banks owe a duty of care to third parties who serve a freezing order,…
Regulatory update – corporate and financial sector penalties Bill passed by both houses
In our regulatory update of 19 December 2018, we reported on the progress of the Treasury Laws Amendment (Strengthening Corporate…
Regulatory update
The Federal Bill to increase corporate fines and penalties that was introduced into Parliament on 24 October 2018 was debated…
Banks do not owe a duty of care to third parties to comply with freezing orders
The question of whether a bank owes a duty of care to a third party to comply with a freezing…