In a welcome decision for principals engaging contractors for construction work, the High Court has substantially limited the availability of the restitutionary remedy of a quantum meruit where a contractor elects to terminate a contract as a consequence of repudiation. ...

Legislation focusing on imposing new obligations on design consultants and builders was recently introduced to the NSW Parliament. Importantly, the Design and Building Practitioners Bill creates a statutory duty of care owed by builders, and others, for economic loss for defects in construction serv ...

The Australian Government has tabled the Crimes Amendment (Combatting Corporate Crime) Bill 2019 (the 2019 Bill) in the Senate, and the Attorney-General's Department has released Draft Guidance on the steps a body corporate can take to prevent an associate from bribing foreign public officials for public consultation (the Draft Guidance). Like the 2017 version of the Bill that lapsed earlier this year (the 2017 Bill), if passed, the 2019 Bill will strengthen Australia's foreign bribery laws, including by introducing a new corporate offence of failure to prevent bribery by an associate, and will introduce a Deferred Prosecution Agreement (DPA) scheme for resolving serious corporate criminal matters. Partner Rachel Nicolson, Senior Associate Andrew Wilcock and Associate Lewis Winter report on the key differences between the 2017 and 2019 Bills, and the content of the Draft Guidance. ...

Shareholders will receive total cash consideration of $2.345 per share under the approved Scheme, which represents a 5.2% increase from AVID's initial proposal of $2.23 per share in March 2019 and ...

For the first nine months of calendar year 2019, Allens topped Debtwire's Asia Pacific (ex-Japan) Lead Bank's Legal Counsel by volume and number of deals, as well as the Dealogic Regional Legal ...

Allens has advised on one of the largest trade sales of the 2013/14 financial year. The firm advised long-standing client Wesfarmers on the sale of its insurance broking and premium funding busines ...

Allens has acted for Singapore-based sovereign wealth fund GIC on the establishment of its joint venture with Macquarie for the purchase of an interest in specialist student accommodation developer ...

Allens has been recognised as the Australian Deal Team of the Year at the Australasian Law Awards held in Sydney last night. It is Allens' second consecutive win in this category. Three major ...

The equity raised will allow Mirvac to deliver value accretive office, industrial, residential and mixed-use projects, repay debt and replenish funding for its existing development pipeline. The ...

Significantly, the report's findings move beyond broad recommendations, identifying the key factors singled out by the law and regulators as drivers of corporate culture and naming general counsel, ...