News and Insights

On 21 June 2023, Treasury Laws Amendment (2022 Measures No 4) Bill 2022 completed its passage through Parliament. The Bill received Royal Assent on 23 June 2023 as Act No 29 of 2023.  The Act contains two measures relating to the digital economy wh

The news cycle is awash with reports of the insolvency of the various entities which operated the ‘FTX’ group of exchanges. That includes two Australian entities, FTX Express Pty Ltd and FTX Australia Pty Ltd, both of which appointed KordaMentha

In this article, we discuss the recent Federal Court proceedings involving the Australian Securities and Investments Commission (ASIC) against BPS Financial Pty Ltd (BPS).

The crypto industry is still buzzing in the wake of the Ethereum Foundation’s recent announcement that Ethereum will start to undergo its most significant upgrade to date on 6 September 2022. In this article, we explain the significance of the upgr

A company seeking to list and trade its securities on ASX must meet the ASX admission criteria on structure, size, financial performance or position and shareholder numbers. As part of the IPO process, the legal advisor to the issue will assist the

Undertaking an IPO is a transformative step, requiring a critical analysis and appreciation of both the advantages and disadvantages of the IPO process and life as a publicly listed company. A successful IPO will allow a company to be listed on the A

D'Aloia v Binance Holdings & Others [2022] EWHC 1723 (Ch) is the first reported court decision of its kind outside of the United States of America (and after the Supreme Court of New York’s decision in LCX AG v John Doe Nos. 1-25) regarding the

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock, for the first time. With this process comes many questions, including cost, length of time, company eligibility criteria

On 30 June 2021, the Australian Securities Investment Commission (ASIC) released Consultation Paper 343: Crypto-assets as underlying assets for ETPs and other investment products (CP343) which calls for submissions on ASIC’s proposed approach to re

Key issues: On 1 August 2019, the Australian Stock Exchange released a new compliance update relating specifically to crypto-currency related activities. The Update explains ASX’s position in relation to SAFEs and SAFTs, the concerns that new e

Key issues: On 30 May 2019, ASIC released updated guidance on initial coin offerings (ICOs) and crypto-assets by updating Information Sheet 225 (INFO 225). Australian regulation around crypto-assets has failed to develop in any notable manner. Th

ASIC recently announced that in the past few months it has taken action to halt Initial Coin Offerings, stating that recurring issues are posing significant risks for investors. These issues include: using misleading or deceptive statements in sal