Kennedys has extensive expertise in commercial, financial, and reputational risks faced by financial institutions.
Companies who rely on Kennedys are drawn from segments including:
Leading sector players rely on Kennedys for authoritative legal advice on:
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Regulatory matters and disputes
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Professional standards and responsibilities
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Professional indemnity disputes
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Duties of directors and officers
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Reputational risks
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Employment liabilities and industrial issues
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Commercial risks and disputes
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Insurance and reinsurance
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Claims involving bankers’ blanket bonds, performance guarantees, and surety bonds
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Privacy
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Trade Practices and ASIC Act disputes regarding financial products and Product Disclosure Statements
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Diverse commercial actions brought before Courts and tribunals
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Arbitration
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Public inquiries
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Class actions
Kennedys serves financial institutions with advice and counsel on front end regulatory issues including:
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Financial Services Reform considerations
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FSR licensing and disclosures
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ASIC investigations and examinations
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Coverage and indemnity disputes with insurers
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Compliance and disclosure issues connected with PDS
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Regulatory regimes including DOFI, DMF, and AML legislation
Work highlights
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Advising many financial services players on regulatory changes regarding required levels of professional indemnity insurance.
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Acting in disputes and advising on issues arising under Sections 45 and 54 of the Insurance Contracts Act.
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Acting on behalf of Australia’s largest financial planning company in relation to employment and contractual disputes with members of its adviser force, including proceedings in the Industrial Relations Commission.
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Defending claims against representatives of financial services companies in claims alleging negligence in assisting clients to obtain finance.
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Acting for company directors and officers of financial institutions under examination or investigation by ASIC and APRA.