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Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Australia | Publication | June 2020
We have made a submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into litigation funding and the regulation of the class action industry. As a global law firm, our submission draws on our local and international experience in acting in class action proceedings. A number of our Australian partners are experienced litigators and are uniquely placed to address some of the issues raised by the inquiry's Terms of Reference.
We have acted in many significant class actions in Australia in both the Federal Court of Australia and the State Supreme Courts. These include class actions relating to securities, consumer protection, product liability, mass tort and natural disasters, and financial and regulatory services.
We expect there will be a significant increase in the commencement of class actions in Australia over the coming 12 to 24 months. These class actions are likely to include not just shareholder-focused continuous disclosure claims (which we expect to continue notwithstanding the Australian Treasurer’s recently announced six month safe harbour) but also cybersecurity, employment (including workplace health and safety), and broader governance, culture and risk-related claims.
To support a class actions regime that promotes fairness for plaintiffs, class members and defendants, as well as efficiency, certainty and finality in the determination of proceedings and the responsible provision of legal services and funding, we have made the following recommendations to the Parliamentary Joint Committee:
You can request a copy of our submission to the Parliamentary Joint Committee by clicking the link below.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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