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New APRA prudential standard raises bar for information security obligations and incident notification requirements
Insight 15 Nov 2018

As companies and regulators across the world grapple with ever-increasing cyber security threats, Australia's financial services regulator, APRA, has released the final form of a new prudential standard, which imposes heigtened security obligations for APRA-regulated entities ...

The Foreign Influence Transparency Scheme - from Bill to Law
Insight 10 Sep 2018

The Federal Government recently passed the Foreign Influence Transparency Scheme Act This is an entirely new regulatory scheme that will require persons who undertake activities on behalf of a foreign government or political organisation to register with the Attorney Generals Department if those ...

International arbitration update
Insight 09 Sep 2014

In this issue we look at an unsuccessful challenge to the enforcement of foreign arbitral awards in the Federal Court of Australia recent changes to the arbitration rules of the Institute of Arbitrators and Mediators Australia the International Centre for Dispute Resolution and the London Court of ...

New opportunities for charities as 'directness' requirement ruled out
Insight 04 Sep 2014

The Federal Court has recently ruled that there is no requirement for a public benevolent institution to provide direct relief to people in need Its interpretation of the expression public benevolent institution theoretically has the potential to expand eligibility well beyond traditionally accepted ...

Ashley Madison - litigation risks exposed
Insight 15 Sep 2015

The recent hacking of website AshleyMadisoncom has exposed the websites parent companies to lawsuits in the US and Canada and has attracted the attention of the Australian Privacy Commissioner ...

ASIC to seek recovery of investigation costs
Insight 31 Jul 2015

This week ASIC flagged a change in its approach to the exercise of its power to make orders to recover expenses and costs associated with investigations Information Sheet 204 indicates that ASIC will be making greater use of this power to seek recovery of its costs from individuals and companies ...

Allens advises leading tech company LIFX on sale to Buddy Platform
News 11 Feb 2019

Allens worked closely with US law firm Latham & Watkins and advised on all aspects of the transaction, including structuring the cross-border deal. LIFX is a market-leading provider of wifi-enabled ...

Arbitration Roundup
Insight 22 Dec 2015

Fact sheet: Show me the money: Tax reforms to encourage investment in startups
Insight 10 Dec 2015

The Ideas Boom has arrived with the Federal Governments National Innovation and Science Agenda Central to the new agenda are a raft of tax and regulatory measures designed to encourage greater investment in startups to help them both get off the ground and to survive the valley of death with greater ...

High Court confirms liquidator has first pick of the fruits of litigation
Insight 13 May 2014

The High Court recently considered the competing entitlements of a liquidator and a secured creditor to the proceeds of a claim brought by the liquidator which was against the secured creditors interests Partner Chris Prestwich and Law Graduate Kaelah Ford report on the High Courts decision that the ...

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