Australia and New Zealand

http://www.theage.com.au/national/aussie-cleared-of-wrongdoing-in-dubai-20130520-2jwpj.html Aussie cleared of wrongdoing in Dubai May 20, 2013 An Australian businessman who has languished in detention in Dubai for more than four years has been cleared of fraud charges. Lawyers for Marcus Lee have confirmed he was acquitted by the Dubai Criminal Court on Monday. But there are reports that fellow Australian businessman… Continue Reading

http://www.nbr.co.nz/article/mightyriverpower-shares-dip-below-250-offer-price-bd-140391 Mighty River Power shares dip below $2.50 offer price Monday May 20, 2013 Shares in Mighty River Power, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. The shares traded as low as $2.48 before recovering to $2.50,… Continue Reading

http://www.crikey.com.au/2013/05/20/crikey-clarifier-why-is-the-eu-carbon-scheme-hitting-our-budget/ Crikey Clarifier: why is the EU carbon scheme hitting our budget? Erwin Jackson | May 20, 2013 11:53AM Europe’s low carbon price hit Australia’s budget last week in a big way. Erwin Jackson from the Climate Institute explains why, and looks at what might happen next. Last week’s federal budget showed the impact that… Continue Reading

http://www.crikey.com.au/2013/05/20/prime-payouts-become-intriguing-courtroom-drama/ Prime payouts become intriguing courtroom drama Adam Schwab | May 20, 2013 The corporate watchdog is putting two directors of collapsed retirement fund Prime — Bill Lewski and Michael Wooldridge — into the dock. Their answers on the dramatic downfall are intriguing. It was one of the lower-profile collapses of the global financial crisis, but the downfall of… Continue Reading

http://www.allens.com.au/pubs/arb/foarb20may13.htm Focus: Courts reinforce trend to interpret arbitration clauses widely 20 May 2013 In brief: Recent cases in the Federal Court and the Queensland Supreme Court show that courts are continuing to interpret arbitration clauses widely. Partner Nick Rudge (view CV) and Senior Associate Nicholas Gallina report. How does it affect you? Two recent cases… Continue Reading

IPA Canberra Forum 4 June 2013   20 May 2013 Dear PaulIPA Canberra Insolvency ForumA new series of IPA Insolvency Forums are now being held in Canberra commencing 4 June 2013. Click here to register. When: Tuesday 4 JuneVenue:  Institute of Chartered Accountants, Level 10, 60 Marcus Clarke Street, Canberra Time: 12.30 pm to 2.00… Continue Reading

http://www.smartcompany.com.au/economy/055618-business-values-unlikely-to-recover-before-september.html?utm_source=SmartCompany&utm_campaign=09f22b807a-Monday_20_May_201320_05_2013&utm_medium=email&utm_term=0_234118efee-09f22b807a-93735706 Number of businesses for sale remains near record levels Monday, 20 May 2013 10:53 | Cara Waters The number of private businesses for sales remains near record levels according to the latest BizExchange Index which covers the March quarter. BizExchange’s research found the percentage of businesses with EBIT (Earnings Before Interest and Tax) values… Continue Reading

Financial Isolation CRM:0003571 20 MAY 2013 Financial Isolation?           (RSP Case Studies) As masters of your business and financial prosperity, ask yourself 3 questions?        1) Have you been aligned to a bank manager that does not understand your business? 2) Have you seen bank managers come and go like passing traffic whilst your business demonstrates… Continue Reading

http://www.canberratimes.com.au/business/banking-and-finance/home-loan-wars-heat-up-as-westpac-cuts-20130519-2jue3.html Home loan wars heat up as Westpac cuts Glenda Kwek | May 19, 2013 Westpac has fired the latest salvo in the fixed-rate home loan wars as lenders battle for new borrowers following the Reserve Bank’s cash rate cut. The bank dropped its one-year fixed-rate home loans to 4.79 per cent, while its Bank… Continue Reading

http://www.canberratimes.com.au/business/monopoly-delivered-on-a-platter-20130519-2jurg.html Monopoly delivered on a platter Michael West | May 20, 2013 Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest. Here in Australia though, we have the quintessential example of Marxist/Leninist state monopoly capitalism, the Australian Securities Exchange. Having won its… Continue Reading