24 June 2021
FEDERAL COURT OVERTURNS ‘ABSURD’ PATENT OFFICE RULING ON PATENT TERM EXTENSIONS FOR PHARMACEUTICAL SUBSTANCES
The Federal Court has rejected the Australian Patent Office’s historical approach to patent term extension ( PTE ) applications, upholding a challenge brought by two major pharmaceutical companies against an earlier decision of Australia’s Commissioner of Patents.
23 June 2021
Webinar: Anti-Racism and Inclusive Leadership with John Amaechi OBE
Many organisations have made important strides over the past year to challenge racism, both in the workplace and in other walks of life. Yet, there is clearly a long way to go before we reach a turning point in addressing systemic racism.
22 June 2021
Australia’s AI Action Plan: A clear vision for AI in Australia, and the promise of concrete action
Artificial intelligence, in its many forms, is rapidly embedding itself in and transforming many aspects of our everyday lives, often without our knowledge. This means that AI has the potential to fundamentally change how we live for the better — but only if its implications are well understood and...
22 June 2021
Mandatory notification of ransomware payments in Australia appears likely
On 21 June 2021, Shadow Assistant Minister for Cyber Security, Tim Watts, introduced in Federal Parliament the Ransomware Payments Bill 2021 (the Bill ). This follows the Department of Home Affairs secretary, Mike Pezzullo, flagging the idea at a Senate Committee Hearing earlier this year in May...
22 June 2021
German Federal Tax Court decides that "Sweet Equity" can be taxed at beneficial capital gains tax rates – what does this mean for financial investors?
The German tax treatment of disposal proceeds of so-called "sweet equity" had until recently been somewhat unclear: While the German tax authorities often tried to apply the regular, top income tax rates of up to c. 48%, taxpayers usually aimed for the more beneficial so-called partial income...
21 June 2021
Regulatory reform for software-based consumer health products: New regulations provide clarity but can they keep up with the technology?
Mobile health apps and devices (“mHealth”) are a rapidly growing sector of consumer technology. These products are able to measure increasingly complex physiological functions. Recent regulatory reforms clarify that “consumer health products”, including most mHealth products, are not medical...
18 June 2021
When should companies be prosecuted for the acts of employees and third parties?
On 9 June 2021, the HSF London Corporate Crime and Investigations ("CCI") team hosted the launch event for the Law Commission's consultation on what (if any) reform should be proposed to HM Government in relation to the law on corporate criminal liability in England and Wales. This was the first in...
17 June 2021
Amendment of the Transparency Register: How will it affect reporting obligations in Germany and what will the consequences be for companies that fail to comply?
On 9 June 2021, the German Federal Parliament passed the German Transparency Register and Financial Information Act (TraFinG) which, in particular, contains extensive amendments to the German Money Laundering Act (GwG) in connection with the transparency register. The TraFinG will come into force...
17 June 2021
Covid-19 update: restrictions on enforcement extended
Forfeiture: commercial leases At the eleventh hour, and despite previously declaring that it was the final extension, the UK Government has today announced that the current restrictions on landlords being able to forfeit commercial leases for non-payment of rent (which protection was due to expire...
16 June 2021
Catalyst // Webinar Series
As markets move from response to recovery, our focus is shifting too. Looking ahead, we expect the global pandemic to operate as a catalyst, accelerating changes in human behaviour, driving forward scientific and technological advances, and ushering in further digitalisation and some tough choices...