Deal Talk: Australian M&A podcast

Deal Talk EP3: The Star Decision - Lessons for Directors (Part 1)

Herbert Smith Freehills Kramer Episode 3

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0:00 | 20:02

In this episode of Deal Talk, HSF Kramer Chair and Senior Partner Rebecca Maslen-Stannage and Partner Carolyn Pugsley, break down the Australian Federal Court's landmark decision in ASIC v Star Entertainment — and why a case where the directors were ultimately found not liable may be the most important directors' duties decision in years.

They cover what the board was actually asked to decide, why ASIC's reliance on Centro fell short, the role of management in filtering information to the board, and the practical steps directors can take right now to strengthen their position.

Essential listening for directors, general counsel and company secretaries.