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Federal Court finds cyber risk management is a critical obligation for financial services firms
Insight 06 May 2022

The Federal Court handed down its judgment in proceedings brought by ASIC against RI Advice on 5 May 20221. It found that, as result of its failure to manage cyber security risks and cyber resilience, RI Advice breached its obligations to do all things necessary to ensure that the financial services covered by the licence were provided efficiently and fairly, and to have adequate risk management systems in place. ...

Allens advises Glenrowan Solar Farm financing
News 06 Mar 2023

The 102 MWac/130MWdc greenfield project is one of six to have been selected through the Second Victorian Renewable Energy Target Auction (VRET2), designed to help meet the Victoria's government’s ...

Navigating the big issues of 2023
Insight 05 Mar 2023

During the recent webinar: 'Navigating the key issues of 2023', the team identified and discussed key issues facing both the Australian economy and policymakers in 2023. ...

Allens advises on Australia's largest onshore wind farm
News 27 Feb 2023

Financed via a certified green loan from a group of international lenders and supported by coverage from Compania Espanola de Seguros de Credito a la Exportacion (the Spanish Export Credit Agency, ...

Updated draft regulation on cross-border lending into Vietnam—a more lenient approach
Insight 24 Feb 2023

The State Bank of Vietnam (SBV) has been working on regulations to replace the current circular No. 12/2014/TT-NHNN on conditions for non-government guaranteed cross-border foreign loans (the Current ...

Australia's foreign investment approval (FIRB) regime: what you need to know
Insight 15 Mar 2017

Australias foreign investment approval regime is increasingly a major political issue that is often highlighted and discussed in the media Our foreign investment law experts have summarised the key information you need to know about Australias FIRB regime ...

Australia has lifted certain sanctions on Iran
Insight 18 Feb 2016

In response to recent confirmation that Iran has met its international nuclear commitments the Australian Government has lifted all nuclear-related economic and financial sanctions against that country ...

AMITs are here (at last)
Insight 02 Jun 2016

It has taken a while but out of the dust of an early Federal Budget and double-dissolution election announcement a new tax attribution regime for Attribution Managed Investment Trusts has emerged relatively intact While the AMIT regime should generally be welcomed as a positive thing for MITs in ...

Will ASIC shift its regulatory focus from disclosure to suitability?
Insight 04 Jun 2014

The Financial System Inquiry inevitably the Murray Inquiry is the successor of the Campbell Inquiry 1979-1981 and the Wallis Inquiry 1996-1997 Both the Campbell and Wallis reports considered that investors were best protected through disclosure and market integrity rules Both reports assumed that ...

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