by Victoria Smith | 2022-07-12 | Our Thinking
On 16 May 2022, the European Parliament issued its draft report (“Report”) on the European Commission’s (“EC”) proposals to amend the existing Alternative Investment Fund Managers Directive (“AIFMD”). The Report, which reflects stakeholder feedback, seeks to align...
by Victoria Smith | 2022-06-30 | Our Thinking
On 16 June 2022, the Full Federal Court of Australia in LCM Funding Pty Ltd v Stanwell Corporation Limited [2022] FCAFC 103 (‘LCM’) held that funded class actions are no longer considered to be managed investment schemes (“MIS”) for the purpose of the Corporations Act...
by Victoria Smith | 2022-06-28 | Our News
Cleveland & Co is a pace setting firm that aims to find new ways to achieve better outcomes for our clients – keeping quality and satisfaction high whilst reducing their costs. In support of that aim we’re delighted to welcome Farzana Huq to the...
by Victoria Smith | 2022-06-27 | Our Thinking
The High Court recently handed down a 200-page judgement in the case of Ivy Technology Ltd v Martin [2022], following a two-week trial. The High Court considered whether a seller of shares under a share purchase agreement (“SPA”), pursuant to which it purported to...
by Victoria Smith | 2022-06-21 | Our News
It’s official: Cleveland & Co are 10 year’s old! Here are some of our amazing global team who make it all possible. We’ve come a long way in 10 years and have big plans for the next 10! A huge thank you to all our clients and supporters who we...
by Victoria Smith | 2022-06-16 | Our Thinking
SUMMARY On 20 April 2022, the Financial Conduct Authority (“FCA”) published its final statement regarding diversity and inclusion on company boards and executive management with a view to increasing the disclosure of diversity and inclusion on listed company boards...
by Victoria Smith | 2022-06-09 | Our News
We are delighted to let you know that our Managing Director for EMEA, Leela Fair, has been invited to speak about ESG Reporting as part of a panel slot for industry experts, hosted by RWS, at the forthcoming Summit for Asset Management. The Summit for Asset Management...
by Victoria Smith | 2022-06-08 | Our Thinking
The Russian invasion of Ukraine has affected financial markets in many ways. Sanctions have been imposed in response to Russia’s invasion, and the Russian government has applied trading restrictions. Some securities, including some Ukrainian assets, have become...
by Victoria Smith | 2022-05-31 | Our Thinking
summary The Federal Court has found that financial adviser, RI Advice, has breached its Australian Financial Services (“AFS”) licence obligations. RI Advice failed to have adequate risk management systems to manage its cybersecurity risks and as a result, breached its...
by Victoria Smith | 2022-05-26 | Our News
Well-being concerns Well-being is a long-standing concern in the legal profession. The consequences of poor mental health are wide-ranging and include: reduced employee performance; increased rates of absence and high employee turnover. The legal profession is known...
