Australia will relax its company disclosure obligations for six months, including allowing firms to hold off on earnings forecasts in a move to protect them from lawsuits during the coronavirus crisis.
The move is the second intervention by the government to clamp down on the booming class-action industry, with Treasurer Josh Frydenberg last week introducing tighter regulations on litigation funders.
The government will temporarily amend corporate laws so that from May 26 and for six months, companies and their officers would only be legally liable for market statements if there had been knowledge, recklessness or negligence. The changes will “make it harder to bring such actions against companies and officers’ during the coronavirus crisis,” he added.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Keeping a Gratitude Journal During the Pandemic Has Given Me Time For Peace and ReflectionKeeping a gratitude journal makes positive moments from the day stand out even more. ❤️
Lire la suite »
6 months on, Trump hasn't completed his physical. The White House won't say why.Six months after saying he started the process, Trump hasn’t completed his annual 2020 physical.
Lire la suite »
Scientists Say New, Lower CDC Estimates For Severity Of COVID-19 Are OptimisticLast week, the CDC lowered its estimates for future coronavirus infections and deaths. Some scientists say the new model is overly optimistic — and plays into fears that the agency could be responding to political pressure.
Lire la suite »
Amanda Bynes Says She's 'Back on Track' After Spending Two Months in TreatmentAmanda Bynes gives an update on her engagement and mental health after two months in treatment:
Lire la suite »
These golden retriever 'Brew Dogs' help deliver beer during social distancing—take a lookBuddy and Barley, aka 'The Brew Dogs,' accompany their humans on beer deliveries, helping Six Harbors Brewing Company in Huntington, New York stay afloat during the Covid-19 pandemic.
Lire la suite »
Meet Biscuits and Gravy, the kitten born with two facesAn Oregon family got quite the surprise when one of their farm cats gave birth to a litter of six kittens, including a kitten with two faces they've named Biscuits and Gravy.
Lire la suite »