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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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