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Ransomware attacks on the rise
Insight 29 Jun 2017

With an upward trend in large-scale ransomware attacks and the number of data breaches reported globally mandatory data breach notification will become law in Australia in February 2018 This will place privacy compliance and cyber security in sharp focus Partner Michael Park Lawyer Samantha Naylor ...

Australia - Fund Finance 2018, 2nd Edition
Insight 27 Feb 2018

Fund financing activities in Australia remained strong in 2017 with particular focus on infrastructure private equity funds and private debt funds which have taken advantage of the additional liquidity and funding flexibility in this market Allens Partner Tom Highnam Managing Associate Rita Pang and ...

Australia and Singapore enter into Comprehensive Strategic Partnership
Insight 17 May 2016

The Australian and Singaporean governments have recently concluded discussions on a landmark agreement that will see the two countries cooperating across a range of strategic initiatives including in the areas of trade and economics innovation education people and defence The Comprehensive Strategic ...

New measures on resilience, collateral protection and client money
Insight 22 Dec 2015

The Government yesterday released for consultation draft legislation containing resilience and collateral protection measures Think payment systems netting and derivatives But also think superannuation trustees and life companies investing in centrally-cleared OTC derivatives - and restrictions on ...

High Court decision on retention obligations provides some clarity to liquidators
Insight 14 Dec 2015

The High Court has ruled that a liquidator has no obligation to retain monies on account of tax until a notice of assessment has been issued The decision will provide much needed clarity for liquidators and other statutorily deemed trustees and agents Partners Charles Armitage and Christopher ...

ASIC's guidance on conflicts in vertically integrated funds-management businesses
Insight 24 Mar 2016

ASIC has released a report looking at the way vertically integrated funds management businesses deal with conflicts of interest The report summarises the findings of ASICs recent review of a number of businesses and sets out some good practice recommendations Partner Marc Kemp and Senior Associate ...

Strangers no more - Taking action against an insolvent defendant's insurer
Insight 16 Feb 2016

The High Court of Australia has decided that a third party claimant can join an insolvent or potentially insolvent defendants insurer to proceedings to seek a declaration that the insurer is liable to indemnify the defendant Partner Andrew Maher and Lawyer Shelley Drenth discuss the decision and its ...

NSW to go it alone on a tort of privacy?
Insight 11 Mar 2016

A New South Wales legislative committee has released a report following an inquiry into remedies for serious invasions of privacy in New South Wales In an unexpected and controversial move the report recommends that the NSW Government take the lead by introducing a statutory cause of action for ...

The end of the AML/CTF regime as we know it?
Insight 02 Jun 2016

The past year or so has been an action-packed one for devotees of anti-money laundering policy and the recent release of the Report on the Statutory Review of the AMLCTF Act 2006 may herald the most significant changes to our regime since it was introduced a decade ago ...

Special Report: Understanding the opportunities and navigating the legal frameworks of distributed ledger technology and blockchain
Insight 17 Jun 2016

Authored by a multidisciplinary team from Allens Blockchain Reaction is designed to assist business stakeholders decision makers and in-house counsel across a variety of sectors to understand the technology and how it is being used as well as navigate the regulatory and legal opportunities and ...

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