Publication
Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
Australia | Publication | October 2020
As the economy starts to slowly reopen, franchisors will need to consider what concessions should be made in relation to their network’s usual standards and procedures.
Depending on the kind of business the franchisor’s network is engaged in, this could look quite different from network to network. However, to ensure the best possible reemergence from the COVID-19 period franchisors should carefully consider what sorts of concessions will help their network to quickly return to its pre-pandemic position.
Some of the potential concessions franchisors should consider may include:
It is important for franchisors to properly document any temporary concessions made to their networks. This may be via a simple letter acknowledging a temporary acquiescence to a change, or via a formal variation to the Franchise Agreement.
Depending on the kind of concession the documentation may vary. For example, franchisors should consider whether a particular concession, such as operating hours, will apply to the whole network or to select franchisees who continue to face harsher government restrictions due to their size or location.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023