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Federal Court refuses to order disclosure of class action respondent's insurance policies
Insight 27 Apr 2020

In contrast to a previous decision, the Federal Court has refused to order the disclosure of the respondent's insurance policies to the applicant in a class action. We explore this decision and also highlight the way in which the court's reasoning differed from a prior decision that found in favour of disclosure. ...

ASIC's new work schedule and priorities in light of the COVID-19 crisis
Insight 16 Apr 2020

On 14 April, ASIC published a media release detailing changes to its regulatory framework and priorities in light of COVID-19. This follows an earlier statement by ASIC, which indicated that it would temporarily change its regulatory work and priorities to allow it and regulated entities to focus on the impact of COVID-19. ...

The case for market-led proposals as part of Australia’s COVID-19 recovery
Insight 13 May 2020

Infrastructure will play a vital role in Australia's economic recovery, presenting new opportunities for collaboration between industry and government to develop a pipeline of projects to stimulate the economy. ...

Continuous disclosure during COVID-19: shining the spotlight on earnings and debt
Insight 06 Apr 2020

In its latest compliance update, ASX reiterated that entities in financial difficulty (including with respect to their debt arrangements) will receive no special treatment. On earnings guidance, it was acknowledged that many listed entities have taken the opportunity to withdraw guidance issued before the outbreak of COVID-19. ASX also strongly encouraged entities to review their published guidance in light of COVID-19 and to either update it if it was not current or withdraw it in this highly uncertain climate. ...

In Touch: further ACCC authorisations for businesses cooperation during the pandemic; ACCC releases interim Home Loans Price Inquiry report and fuel industry report; and mandatory Code of Conduct for relationships between digital platforms and media companies
Insight 30 Apr 2020

Further ACCC authorisations letting businesses work together during the pandemic; ACCC releases interim report in Home Loans Price Inquiry and fuel industry report; and mandatory Code of Conduct for relationships between digital platforms and media companies forthcoming. ...

Trusts and partnership: When is a confirmation of rights a declaration of trust?
Insight 17 Apr 2020

The High Court of Australia held that certain deeds purporting to confirm a pre-existing trust of partnership property amounted to a new 'declaration of trust' within the meaning of the Western Australian stamp duty legislation.  ...

Navigating the way forward: steps to prepare your business for the COVID-19 rollback
Insight 06 May 2020

We have prepared a selection of recommendations to help businesses and their senior in-house advisors navigate the challenges arising from a rollback of COVID-19 restrictions and, equally, to identify potential opportunities presented by this rapidly changing legal landscape. ...

OAIC's landmark case against Facebook to have major implications on Privacy Act
Insight 12 May 2020

As Privacy Awareness Week this year called for individuals to #rebootyourprivacy and debate continues over the privacy protections for the COVIDSafe application, another step has been taken in the Australian Information Commissioner's (Commissioner) landmark case against Facebook, Inc and Facebook Ireland Ltd (together, Facebook) which will have major implications for the Privacy Act 1988 (Cth) (Privacy Act) and digital businesses operating from offshore entities. ...

Allens advises Iberdrola on first Australian renewables acquisition
News 26 Apr 2020

The 320MW project will be the first venture in Australia for Iberdrola, one of the world's largest electricity utilities and the number one producer of wind energy in the world. Iberdrola has aroun ...

The impact of the COVID-19 crisis on the startup ecosystem
Insight 19 Apr 2020

Public markets in Australia have fallen by almost 25% from the highs reached in late February 2020 as a result of the financial downturn caused by the COVID-19 pandemic. As Linklaters has also discuss ...

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