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COVID-19 and class action risk – some (early) lessons for Australia from overseas
Insight 15 Apr 2020

As COVID-19 spreads throughout Australia and the world, its impact is being felt across every industry. With the pandemic at a relatively early stage, the virus has disrupted supply chains and shuttered businesses, resulting in record levels of unemployment and unprecedented market volatility. ...

Toksave - PNG regulatory update: emergency Parliament sitting; K5.6 billion stimulus package passed; two-month extension of state of emergency; and other developments
Insight 06 May 2020

PNG Parliament convened urgent session and passed K5.6 billion stimulus package; 14-day state of emergency extended by another two months, to June 2020; new emergency laws enacted; Bank of PNG announced new monetary and fiscal measures; IRC granted tax exemptions; IPA waived certain company statutory obligations; superannuation funds announced proposed amendments to superannuation law; PNG Government refused extension of Barrick special mining lease; and proposed plan for freight subsidies for air and sea transport. ...

PNG's response to COVID-19
Insight 16 Apr 2020

The World Health Organization declared the coronavirus disease 2019, or 'COVID-19', a global pandemic on 11 March 2020. As of 16 April 2020, most countries around the world have reported cases of COVI ...

Using tech and data in a crisis – contact tracing
Insight 09 Apr 2020

Data analysis, and the technology that facilitates it, is currently playing a critical role in the global and national efforts to combat the COVID-19 pandemic. Alongside the front-line health response, it has become a core part of the daily calculations made by governments and health organisations. ...

The COVIDSafe Bill – good progress, but there's more to do
Insight 06 May 2020

The COVIDSafe app has been marketed as offering privacy 'protected by law'. On Sunday, the Federal Government released an exposure draft of legislation designed to put those protections in place, and to dispel lingering doubts about the app. ...

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. ...

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. ...

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. ...

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 ...

Overhaul of Victorian environmental laws delayed until 1 July 2021
Insight 29 Apr 2020

The Environment Protection Amendment Act 2018 (Vic) (EP Act), which was set to commence on 1 July 2020 (and overhaul environmental laws in Victoria) will now commence on1 July 2021 as part of a suite of emergency measures in response to COVID-19. Our team looks at the COVID-19 Act and how it relates ...

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