Last week, the Australian Securities and Investments Commission (ASIC) commenced civil penalty proceedings for alleged greenwashing against Mercer Superannuation (Australia) Limited (Mercer). This is in addition to ASIC having issued penalty notices to at least four companies for alleged greenwashing, since October 2022. Last year, ASIC identified investigating greenwashing and taking enforcement action where greenwashing […]
ReadmoreAfter the Federal Government’s proposed legislation to extend the temporary relief for corporations to conduct virtual meetings stalled in the Parliament, we speculated in our recent update as to whether ASIC would issue a ‘no action’ position, electing not to take regulatory action against companies conducting virtual meetings despite requirements to do so in the […]
ReadmoreA relatively recent development in the world of fundraising for start-ups has been the use of “SAFE” (Simple Agreement for Future Equity) instruments. Y-Combinator, a seed funding platform based in Silicon Valley, claims to have developed it as a (potentially) standardised instrument and as an alternative to convertible notes, which can save companies and investors […]
Readmore