[DOWNLOAD] "Investment Banks As Fiduciaries: Implications for Conflicts of Interest (Australia)" by Melbourne University Law Review # Book PDF Kindle ePub Free

eBook details

Title: Investment Banks As Fiduciaries: Implications for Conflicts of Interest (Australia)
Author : Melbourne University Law Review
Release Date : January 01, 2005
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 373 KB

Description

[Investment banks play an intermediary role in the financial system that is integral to its efficient operation. A core, and highly visible, aspect of their work is providing financial advisory services to institutional clients on transactions that have strategic importance, such as mergers and acquisitions. As these services are but one aspect of the broad and diverse range of financial services that investment banks typically provide, challenges such as conflicts of interest inevitably arise. Somewhat anomalously, the question of whether these firms owe fiduciary duties to their clients when providing financial advisory services has received little regulatory, judicial or scholarly, attention. This article will address that question, consider the parameters of any fiduciary obligation to avoid conflicts of interest that may arise, and discuss the implications for responses to these conflicts.] I INTRODUCTION