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Dentons lawyers named in Who’s Who Legal Thought Leaders: Global Elite 2019 guide
Dentons is proud to congratulate six of our lawyers who have been recognised by Who’s Who Legal in its Thought Leaders: Global Elite 2019 guide.
With all the changes and announcements in 2018, our Eurozone Hub has collated the following supervisory outlook for 2019 as a non-exhaustive “Playbook” for Banking Union Supervised Institutions and other regulated market participants already based in or otherwise relocating to the EU and/or the Eurozone.
Canada Federal Budget 2019
In the wake of the release of the much-anticipated 2019 Federal Budget, members of Dentons’ Tax group, together with a team at Wolters Kluwer, have prepared a Special Report which provides a detailed analysis and concise summary of the changes featured in the Budget.
Global tax guide to doing business in... 2019
Our Global tax guide to doing business in… highlights the complexities of corporate tax systems in 28 countries across Africa, the Americas, Asia Pacific, Australia and Europe.
US Policy Scan 2019
In Policy Scan 2019, Dentons' US Public Policy team's annual analysis of the legislative and political landscape, we take a close look at the issues, questions and conflicts that will dominate the dialogue on Capitol Hill and in the White House over the coming year.
Starting your career as a student at Dentons exposes you to a world of experience and opportunities
With 175 locations in 78 countries, Dentons is home to top-tier talent that is found at the intersection of geography, industry knowledge and substantive legal experience. Working with Dentons, you will have the opportunity to learn from the best lawyers in the industry at the largest law firm in the world.
The Legal 500 EMEA 2019 recognizes over 130 Dentons lawyers
The 2019 edition of The Legal 500 Europe, Middle East and Africa has recognized 133 Dentons lawyers, of which 89 have been included in the elite “Leading Lawyers” list, while 44 are listed as “Next Generation Lawyers”.
Dentons launches Market Insights publication: “Digital Transformation and the Digital Consumer”
Dentons, the world’s largest law firm, has launched a new Market Insights publication entitled “Digital Transformation and the Digital Consumer”, which examines the legal implications of the online economy.
Dentons ranks across 68 tables securing 109 individual and 43 practice rankings in Chambers USA
Global law firm Dentons earned 109 individual and 43 practice rankings - a 20% increase over last year - in the most recent edition of Chamber USA.
The recent Victorian Supreme Court decision of Goldie Marketing Pty Limited v. FOS and ANZ shows how the Finance Ombudsman Service process, combined with Court challenges by borrowers, can delay a lender from enforcing its rights for several years.
On 19 June, 2015, the Supreme Court of Victoria eventually upheld a FOS decision that a court, rather than FOS, was best placed to consider a dispute between a Melbourne toy maker and ANZ.
However, the FOS complaint by the borrower, and the challenging of the FOS decision through the courts, has effectively prevented ANZ from enforcing its rights since December 2013.
Goldie Marketing, a maker of Mattel Hot Wheels, Transformers and 20th Century Fox characters, fell into default with ANZ in November, 2013.
In December, 2013 ANZ cancelled Goldie's facilities which were in excess of $8 million, and served default notices.
Goldie then lodged a FOS dispute.
In November 2014, FOS resolved to exclude the dispute from its jurisdiction on the basis that the court was a more appropriate place to deal with the dispute.
In doing so FOS identified the following matters:
Goldie, however, made an application to the Supreme Court seeking to prevent the Court from dealing with the matter and to have the matter dealt with by FOS.
This was on the basis of a telephone conversation between the FOS case officer and a representative of Goldie, where the FOS case officer, in part, referred to problems with temporary staffing and a loss of banking advisors in the last six months. It was submitted by Goldie that this was a basis to challenge the FOS decision as being improper.
In November, 2014 the Supreme Court agreed with Goldie and granted an injunction to restrain ANZ from appointing receivers, as it had threatened to do.
This was pending the final hearing.
The Court has now finally determined the matter.
The Court has ruled in favour of FOS, and confirmed that the Court should deal with the matter instead of FOS.
In doing so, the Court confirmed that there was no error in the FOS decision as it was a decision that “a reasonable tribunal could properly reach on the evidence”.
There was no evidence that the decision was so unreasonable that the decision should be set aside.
The Court concluded as follows:
The lengthy FOS complaint process and Court process has effectively prevented the lender from enforcing its rights since December 2013.
The Court is, however, mindful to properly consider challenges to the jurisdiction of FOS.
The decision highlights the difficulty in overturning a FOS decision
For a FOS decision to be overturned it would need to be shown that no tribunal could properly come to the conclusion that FOS came to.
This is a high onus of proof that was not satisfied, despite the injunction initially granted in November 2014.