Latest insights
Private credit’s reckoning: why governance failures are becoming the real risk for AFSL holders and directors
By: Suzanne Craig and Thomas Cavanagh The collapse of Shield, First Guardian and property developer Bathla has transformed private credit from an investment story into a governance story. Suzanne Craig and Thomas Cavanagh examine ASIC's emerging enforcement strategy, the growing exposure of AFSL holders and directors, and the implications for D&O and professional indemnity insurers. Background For much of the last decade, Australia's private credit market has been viewed as ...
New $10 million environmental fines: What dairy farmers and SMEs need to know
By: Neil Beadle and Finlay Watson What has changed? New Zealand's Resource Management Act's new maximum fine of $10 million for corporate offenders has attracted significant attention.1 For large corporates, the message from New Zealand Parliament appears clear. What was once a $600,000 maximum fine has become $10 million. The intent is plainly to expose serious environmental offending to significantly greater penalties. But what does that mean for dairy farmers and ...
Get to know Lucille Stewart: Special Counsel in WK’s Adelaide office
We recently caught up with Lucille Stewart, Wotton Kearney’s newest Special Counsel in Adelaide, about her move to the firm, her South Australian insurance experience, and what she is looking forward to in her new role. The strategic appointment of Lucille as Special Counsel in WK’s General Liability group builds on the strength of the firm’s Adelaide team and reflects its continued investment in South Australia. With more than 20 ...