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Principals face injunction risk if recourse to security is not made before the obligation to return arises
The Court of Appeal of the Supreme Court of South Australia has granted an interlocutory injunction restraining a principal under a construction contract from making a demand against security, on the ...
RBA’s payment shake-up: implications for merchants and payment service providers
The Reserve Bank of Australia (RBA) has published a consultation paper setting out its proposed changes to the standards regulating interchange fees and merchant surcharging, following consultation on ...
Allens advises Platinum Asset Management on proposed merger with L1 Capital
The merger will see Platinum acquire L1 Capital in exchange for issuing new ordinary shares to L1 Capital's existing shareholders. Following completion of the transaction, L1 Capital's existing ...
Class actions midyear update 2025
While 2025 is tracking ahead of previous record-setting years for class action filings, setting a new benchmark may hinge on a repeat of the late-year filing frenzy seen in the past. ...
Children’s privacy: what’s next for the upcoming OAIC code?
The second phase of the process run by the Office of the Australian Information Commissioner (OAIC) to develop a new Children's Online Privacy Code has commenced, with the release of an Issues Paper o ...
ASIC provides relief for licensees under the reportable situations regime
ASIC has provided some additional relief from the 'reportable situations' regime that applies to Australian financial services and credit licensees. The changes apply immediately, and licensees should review and update their internal systems for dealing with incidents and reportable situations to re ...
Federal court ruling reinforces strict notice requirements under PPAs
In this Insight, we summarise the decision and outline what you need to know to avoid PPA pitfalls and uncommercial outcomes. ...
High Court resolves debate over 'soft class closure' orders
The High Court has narrowed the divide between the New South Wales Supreme Court and the Federal Court on the question of class closure orders and group member registration processes in class actions. The decision confirms the existence of a valuable tool available to parties, and paves the way for ...
Where to next? Responding to the evolving landscape for business and human rights
With significant ESG developments unfolding globally and the dust settling on our own federal election, now is the time to take stock of the ESG landscape in Australia, particularly in the 'S' domain. ...
Allens advises IAG on $1.35bn strategic alliance with RAC WA
The partnership sees IAG acquire the RAC WA Insurance business and enter into a 20-year exclusive distribution agreement for RAC-branded home, motor and niche insurance products. 'We are delighted ...