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Act fast, act well: Federal Court decision reinforces the importance of robust compliance programs for banks and other financial services licensees
Insight 27 Oct 2020

Chief Justice Allsop of the Federal Court recently imposed on a bank, by consent of ASIC and the bank, civil penalties totalling $10 million for unconscionable conduct in carrying out an inadequate customer remediation process. It highlights the importance of banks and other financial services licensees having in place robust compliance programs and taking prompt and comprehensive action where possible non-compliance is identified. ...

National Electricity and Gas rules update: September 2020
Insight 11 Oct 2020

In our latest update, we examine the progress of new and existing rule change requests to the AEMC across the month of September, as well as take a closer look at the ESB's progress on its Post-2025 Market Design. ...

Linklaters: Key finance insights
Insight 06 Oct 2020

The pandemic has shone blinding spotlights on existing areas of concern within competition law and accelerated attempts by policy makers to find solutions. ...

Allens advises Warrego Energy on joint development alignment and gas sales agreement
News 09 Oct 2020

Allens has advised Warrego Energy Limited (Warrego) on a binding Heads of Agreement with its venture partner, Strike Energy Limited (Strike), for the joint development of the West Erregulla gas field, and in relation to a long term gas sales agreement (GSA) with Alcoa of Australia Limited. ...

Allens advises TransGrid on sustainable energy interconnector
News 14 Oct 2020

The interconnector will provide a diversified supply path between Robertstown in South Australia, Wagga Wagga in New South Wales and Red Cliffs in Victoria, allowing for the connection of future ...

Allens named Private Equity Legal Adviser of the Year
News 11 Oct 2020

The win caps off a momentous year for the private equity team at Allens, which has advised on a number of the largest and most high-profile private equity transactions in the Australian market. The ...

Allens tops syndicated loans rankings for Q3 2020
News 13 Oct 2020

Having advised borrowers on approximately US$13.1 billion and lenders on approximately US$9.3 billion in syndicated loans in Australia, and borrowers on approximately US$13.4 billion in the Asia ...

From MySuper to YourSuper
Insight 07 Oct 2020

The Government released a paper entitled 'Your Future, Your Super' setting out 'reforms to make your super work harder for you' in the 2020-21 budget.  This article summarises the measures and gives our take on them.  ...

Major NSW mining lease rehabilitation reforms for all mines
Insight 15 Oct 2020

All new and existing all new and existing mining leases in NSW will be regulated by new standard rehabilitation conditions under proposed reforms by the NSW Resources Regulator (Mining Amendment (Standard Conditions of Mining Leases - Rehabilitation) Regulation 2020). ...

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