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A battle with Banksy
Insight 29 Oct 2020

Banksy has lost his trade mark rights to his notorious Flower Thrower artwork in the EU. The EUIPO's decision reflects on bad faith registrations in the EU and offers other important food for thought in the context of trade mark and copyright law. ...

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. ...

Privacy Act Review – what you need to know
Insight 03 Nov 2020

We consider the key implications arising from the Attorney-General's long-awaited review of the Privacy Act - a key part of the Government's response to the ACCC's Digital Platforms Inquiry. The review seeks to strengthen privacy protections for individuals and streamline compliance for businesses working across international borders. ...

A key landmark in IBOR transition
Insight 23 Oct 2020

The long-awaited ISDA IBOR Fallbacks Supplement and Protocol will be going live today with the endorsement of ASIC, the RBA and APRA. They implement new benchmark fallbacks for both future and existing derivative contracts, facilitating the efficient transition from LIBOR and other IBORs in anticipation of their discontinuation. If you have a derivatives portfolio, the Protocol allows quick and easy adoption of the new fallbacks through a one-off adherence. That said, it may not be sufficient to cover all scenarios. ...

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. ...

Allens advises Bendigo Bank on alliance with Tyro
News 22 Oct 2020

The alliance will see Tyro become the Bank's exclusive merchant acquiring partner for business customers for an initial 10-year term, with Bendigo Bank to exclusively refer its current and future ...

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 calls for changes to Australia's infrastructure pipeline
News 18 Oct 2020

The report, which draws on findings from the firm's second annual Infrastructure Leaders Survey , shows Australia's current infrastructure pipeline is out of step with what's required for long-term ...

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 ...

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