22 December 2020
Balancing Risks and Opportunities: Data Governance in Australia
Data has become the heartbeat of every business in today’s digital world. It is the key to knowing your customers, remaining competitive and succeeding into the future. Yet it comes with great responsibility – knowing how to use your data and protect it is becoming ever more important. Tune into...
14 December 2020
SFC releases FAQs simplifying compliance with electronic data storage requirements – But is it really as simple as it looks?
The Hong Kong Securities and Futures Commission (SFC) has released its long awaited FAQs regarding its 31 October 2019 circular on the use of external electronic data storage providers (EDSP Circular). While there are some aspects of the FAQs which we anticipate will create practical challenges and...
09 November 2020
Securing Australia’s critical infrastructure: Government reforms will leave no sector untouched, but questions remain
On 9 November 2020, the Department of Home Affairs released the Exposure Draft of the Security Legislation Amendment (Critical Infrastructure) Bill 2020 for consultation, with submissions due by 27 November (the Bill ).
05 November 2020
Future Cities Series: Creating a safe cyber and data future
The pandemic has shown us just how dependent society is on computers connected to the internet and the information that is used and stored. This dependence has also increased, with many regarding the pandemic as an accelerator for digitalisation. Yet this time has also highlighted that we are far...
03 November 2020
Submissions sought for Australia’s Privacy Act review
The Australian Government has published an issues paper outlining and seeking feedback on the Privacy Act 1988 (the Act) and other Australian laws protecting personal information, with submissions on a series of 68 questions due by 29 November 2020.
28 October 2020
Consumer Data Right: Increased role for intermediaries
The Competition and Consumer (Consumer Data Right) Rules 2020 ( the Rules ) were recently amended to allow accredited third party service providers to provide additional services within the Consumer Data Right ( CDR ) ecosystem. 1 Subject to consumer consent, the amendments permit accredited...
23 September 2020
Cyber and data security webinars
Cyber security is a high-ranking board agenda item showing no sign of abating. The regulatory landscape is becoming ever more complex as we strive to respond and mitigate the risks of cyber incidents. In the following webinars we delve into some key developments to help you keep abreast of changes...
18 September 2020
Exploring Opportunities: Digitise to survive and thrive – Six steps to a successful digital transformation (Global)
The need to digitise has never been so relevant and important for business. Global trade has been disrupted and reshaped – the ability to ensure critical operations can continue and to rapidly adjust to a very dynamic situation has become a determiner of business survival. Only those businesses...
23 July 2020
Data Class Actions: the threat to business
Our Data Class Actions team has today published an article about the future of class actions in the August 2020 issue of PLC Magazine . The article first appeared in the August 2020 issue of PLC Magazine . The article follows the Supreme Court’s decision in Various Claimants v WM Morrison...
21 July 2020
Catalyst // Exploring Opportunities: Digital Transformation
The world is undergoing rapid technological change, spurred on by the Covid-19 pandemic. The fusing of people, process and technology, on a global scale, is fundamentally changing the way business is done - optimising existing business models and creating new sources of value.
14 July 2020
COVID-19: Exploring Opportunities: Will your technology survive the outbreak? (Global)
The effects of the COVID-19 pandemic across the globe continue to evolve on a daily basis. While this pandemic is first a public health and humanitarian crisis, the impacts of COVID-19 on global and national economies, businesses, supply chains, and the everyday lives of the world’s population are...
18 January 2021
UK Government's 10 point plan
The UK government recently announced a £12 billion “Ten Point Plan” to lead a “Green Industrial Revolution”. This plan aims to mobilise £42 billion of private investment by 2030 with the aim of reducing UK emissions by 180 million tonnes of carbon dioxide equivalent between 2023 and 2032. The below...
15 January 2021
Supreme Court hands down judgment in FCA’s Covid-19 Business Interruption Test Case
The Supreme Court has today handed down judgment in the Covid-19 Business Interruption insurance test case of The Financial Conduct Authority v Arch and Others . Herbert Smith Freehills acted for the FCA who advanced the claim for policyholders.
14 January 2021
Why the Worley court action is a landmark case for boards
A recent landmark court decision on class actions is being interpreted as a signal to boards and directors that they may successfully defend class actions if they can show they took reasonable steps to determine how decisions were made. Herbert Smith Freehills partner Jason Betts, who will host an...
14 January 2021
The Al-Ula Declaration – GCC diplomatic relations restored
In June 2017, Saudi Arabia, the United Arab Emirates (the “UAE” ), Egypt and Bahrain announced that they would sever diplomatic ties with, and cut off transport links to, Qatar. Three and a half years later, the states have agreed to restore diplomatic relations. While details of the reconciliation...
13 January 2021
VIEWS ON AN EVOLVING AUTOMOTIVE INDUSTRY – STANDARDS AND ESSENTIAL PATENTS
The automotive industry is unquestionably evolving at considerable pace whether through advances in connectivity and autonomy in vehicles, developments in the way that consumers access and use vehicles or changes driven by the 'electric revolution' and the industry disruption caused by the COVID-19...
13 January 2021
New Italian rules on the review of foreign investments in Italy: dawn of an era of greater certainty for foreign investors? A focus on the energy sector
Article 10-ter of Law of 18 December 2020, no. 176, extended the temporary regime introduced with the Liquidity Decree until 30 June 2021. Following the extension of the Governmental Powers on FDI carried out with Law Decree of 8 April 2020, No. 23 (the “ Liquidity Decree ”), on 18 and 23 December...
12 January 2021
Executive remuneration and accountability – the revised APRA CPS 511 Remuneration
On 12 November 2020, the Australian Prudential Regulation Authority ( APRA ) released a revised draft Prudential Standard CPS 511 Remuneration for consultation ( Revised Draft CPS 511 ). The revised standard has moved away from the prescriptive requirements of the initial consultation draft,...
11 January 2021
M&A in 2021: Resilient, agile and coming off mute
2020 proved to be a year of two halves. In Q1 and Q2 the market suffered the effects of the pandemic in a dramatic way. But Q3 and Q4 proved surprisingly resilient, and we saw significant M&A activity, whether paused deals restarted, or new opportunities taken. After a year when the three most...
11 January 2021
Green finance and innovation - point 10 of the UK Government’s Ten Point Plan
In the final limb of its Ten Point Plan (the Plan ), the Government acknowledges the significant investment required to achieve net zero through the developments and innovations elsewhere in the Plan. It seeks to leverage public and private sources of financing, increasing investment in research...
11 January 2021
New year, new UK sanctions regime
Upon the end of the Brexit transition period at 11pm on 31 December 2020, the UK ceased to implement EU sanctions. UK sanctions are now in force under the UK’s domestic sanctions regime, the framework for which is contained in the Sanctions and Money Laundering Act 2018 (“SAMLA”). The UK has...
08 January 2021
TROUBLE AND HOW TO AVOID IT WEBINAR SERIES
By virtue of the types of financial services our client institutions provide to customers ranging from individuals to professional investors and the client-facing nature of these services, they are often on the receiving end of unexpected events and trouble. In this series that is designed...