Published | krystal prasad
Applications for the 2017 ALUCA TurksLegal Scholarship are now open and ALUCA members are invited to lodge their entries for a chance to win a once in a lifetime overseas conference package valued at up to AU$8,000!
To enter, applicants are asked to write a paper up to 2,500 words answering one of 10 questions in the Application Form relating to the life insurance industry. For full entry requirements, essay questions and the Application Form click here.
Published | krystal prasad
We are very proud to announce that TurksLegal has been selected as one of five finalists from over 106 professional services firms in the Australian Insurance Industry Awards in the category of Professional Services Firm of the Year!
Published | krystal prasad
TurksLegal is pleased to announce the appointment of two new partners, a special counsel and five senior associates as of 1 July 2017.
We would also like to make mention of Priya Paquet who was appointed as a partner in the Sydney General Insurance group effective 1 January 2017.
Summary
Secured parties who have failed to register their interest in time will be at risk if there is insolvency of the grantor within 6 months of the PPSA registration.
Generally, registration must be within 20 business days of the security agreement (depending on the type of interest).
The Court has the power to extend the time for registration retrospectively.
Welcome to the Financial Services Bulletin, June 2017
Please read on for the latest industry news, important case law developments, our selection of recent FOS and SCT determinations and the answer to a client's question on the Capability Clause in our topical 'Turks Q&A' segment.
We hope you enjoy this edition of the FSB!
Industry News
Summary
Published | krystal prasad
TurksLegal and Women in Banking and Finance (WiBF) are delighted to announce Emily Smith, Director, Equities Analyst, Deutsche Bank as the winner of the 2016 TurksLegal WiBF Leadership Scholarship.
Now in its 4th year, the TurksLegal WiBF Leadership Scholarship supports the professional growth of excellence in the industry by providing WiBF members with a significant career development opportunity.
Summary
On 1 March 2017, the definition of ‘relation-back day’ found in the Corporations Act 2001 (Cth) (the Act) was amended by the Insolvency Law Reform Act 2016 (Cth). The amendment will have a significant impact for directors, creditors and external administrators.
Sharma v Insurance Australia Limited t/as NRMA Insurance [2017] NSWCA 55
The NSW government has passed the Retail Leases Amendment (Review) Act 2017 (NSW) which comes into effect on 1 July 2017.