Allens

Allens Blogs

Blog Authors

Latest from Allens

A spotlight on corporate accountability and purpose

20 min read

The ASX Corporate Governance Council (the Council) recently published the Consultation Draft for a fifth edition of the ASX Corporate Governance Principles and Recommendations (the Recommendations). The Consultation Draft:

  • retains the existing structure of the fourth edition (the Fourth Edition) of the Recommendations (including the

Businesses need to be ready for the biggest overhaul of merger clearance rules in decades

5 min read

The reforms will, according to Dr Chalmers, result in a ‘stronger, simpler, faster, more targeted and more transparent’ merger regime in Australia. Gina Cass-Gottlieb noted, following the announcement, that the ACCC was ‘welcome and supportive [of the]

Going beyond the bare minimum

7 min read

There is an expectation that businesses demonstrate continuous improvement in their response to modern slavery and reporting under Australia’s Modern Slavery Act 2018 (Cth) (the MSA).
As such, they need to consider how they can achieve this, including through uplifting their modern slavery risk assessments, contractual controls

A step closer to harmonising and streamlining piecemeal power sector regulations

13 min read

The next generation of Vietnam’s power sector regulation is taking shape, with a proposed new circular set to bring nearly all technologies together in one place for the first time.
On 29 December 2023, the second draft of a new circular

Critical steps towards shaping a new regulatory framework

12 min read

In a significant step towards strengthening Vietnam’s power security, the Ministry of Industry and Trade (MOIT) has released a draft amendment to the Electricity Law (the Electricity Law Draft). One important development in the Electricity Law Draft is that it has a separate chapter

New powers and increased penalties

10 min read

Major reforms to environment protection legislation in NSW are expected to commence soon, which will result in new powers being conferred on the NSW Environment Protection Authority (EPA) and a substantial increase in maximum penalties for environmental offences.
The reforms follow the passing of the Environment Protection

Lenders caught up in unreasonable director-related transaction

5 min read

In a recent Federal Court decision1, a liquidator was successful in having a mortgage declared an unreasonable director-related transaction under section 588FDA of the Corporations Act 2001 (Cth) (the Act). This demonstrates that liquidators can rely on the section as an extra ‘tool’

Aristocrat’s second chance on remittal quashed by procedural bind

8 min read

In recent years, Australian courts have had several occasions to consider the requirements for a computer-implemented invention to be patentable under Australian patent law. In 2022, the High Court of Australia grappled with this question in the Aristocrat v Commissioner of Patents case.

The Draft Bill has proposed a modified opt-in responsible lending framework for LCCCs that is (interestingly) more prescriptive than the existing scalable regime.
Eg when making reasonable inquiries about the consumer’s requirements and objectives and financial situation, and taking steps to verify that information, the Draft Regulations will require a LCCC provider to seek to

Developers and lenders: start preparing now

20 min read

Extensive changes to the Land Law are set to align the legal framework to acquire land more closely with practical realities, particularly for energy and infrastructure project developers. The new law is also expected to improve certain project owners’ ability to borrow against land, addressing a