Allens Focus: No heads-up required for ASIC examination

In brief: A recent Federal Court decision confirms that the Australian Securities and Investments Commission is not required to give notice to a potential examinee when it authorises receivers and managers to conduct an investigation of the examinable affairs of a company. Partner Michael Quinlan and Law Graduate Arlou Arteta report.

http://www.allens.com.au/pubs/insol/foinsol30aug12.htm