Aralık 2021’de kaleme aldığımız yazımızda belirttiğimiz üzere, 2004 sayılı İcra İflas Kanunu’nda [“İİK”] yapılan 24 Kasım 2021 tarihli değişikle, haczedilen malların satışının tamamen elektronik ortamda yapılması düzenlenmişti. Ancak, söz konusu uygulamanın yürürlüğe konulacak yönetmelikten sonra başlayacağı öngörülmüştü.
The expected regulation was published in the Official Gazette no. 31772 on March 8, 2022, and entered into force on the same date with the title “Regulation on the Procedure of Electronic Sales Pursuant to the Bankruptcy and Enforcement Code” [the “Regulation”].
The Federal Court of Australia has ordered two company directors to personally compensate customers, pay a large fine and be disqualified from managing a corporation for being ‘knowingly concerned’ in unconscionable conduct by their company and ‘causing it’ to make false or misleading representations, in contravention of the Australian Consumer Law.
The orders made by the Federal Court of Australia against the company directors of Australian 4WD Hire, a vehicle rental company, were:
The Federal Court has permitted administrators to give notice of creditors’ meetings electronically, and to hold creditors’ meetings and future meetings of any committees of inspection by video or telephone conference.
Key Takeaways
TABLE OF CONTENTS
COVID-19: Summary of Key Issues.................................................................................... 1
This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas.
FINANCIAL SERVICES
New Regulations Facilitate Retail Investor Participation in Singapore Bond Market
On 1 August 2020, the Companies (Miscellaneous Provisions) (COVID-19) Act 2020 (Act) was signed into law. This legislation, due to commence soon, will address certain specific company law issues arising because of the ongoing and unprecedented Coronavirus (COVID-19) crisis.
General Meetings
Samantha Gilbert speaks to compliance leaders from the healthcare, financial services, insurance, IT and commercial sectors on what to expect from the new “business as usual” and enforcement. Conduct reviews, increased regulatory scrutiny and long-term digitisation are some key issues for compliance teams to prepare for.