The agreement is generally subject to the law and the exclusive jurisdiction of the courts of the place of listing. In addition to the above specific liability, liability may also be incurred for other acts or statements related to an IPO. For example, a person may be uitable for violating the Corporations Act by making a false, misleading or misleading statement during marketing activities as part of the IPO or in violation of the restrictions imposed on advertising in front of the prospectus. As a result, directors and management should be very careful when making statements about the company or the IPO during the IPO process. In addition, there are specific advertising obligations for issues such as changes in the interests of directors, security issues, notifications regarding general meeting dates, changes in statutory directors and auditors, dividends, release of fiduciary securities, presentation of a disclosure document to ASIC, exercise by an insurer of a right to terminate an insurance contract or to avoid or modify the insurer`s obligations under a such an agreement. , speeches prepared at a general meeting and the results of voting at meetings, etc. While there are a number of stock exchanges operating in Australia (including the Australian National Stock Exchange, the Sydney Stock Exchange and the Sydney Stock Exchange and Chi-X Australia), the Australian Securities Exchange (ASX) is generally the stock exchange of choice for companies that make an IPO in Australia, as it is the largest stock exchange in Australia and has the largest volume of capital. With respect to the allocation of liability risk, banks generally feel that they should not assume any responsibility in relation to the offer, since the content of the prospectus (on the basis of which the shares are sold) is the responsibility of the company, its directors and possibly all the shareholders who sell, and that the benefit of the transaction lies primarily with the company or the selling shareholder. This approach to risk allocation is the market standard and is reflected in the compensation, insurance, warranties, contractors and termination rights given by the company, its directors and all shareholders sold to UWA banks.