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HSF launches Academy to help businesses understand emerging tech
As organisations continue to grapple with the legal and regulatory risks associated with emerging technologies, Herbert Smith Freehills is launching a …
Herbert Smith Freehills advises Commonwealth Bank of Australia on its A$1.777 billion offer of PERLS XV
Herbert Smith Freehills is pleased to be advising Commonwealth Bank of Australia (CBA) on its offer of CommBank PERLS XV Capital Notes to raise …
Class Actions Fireside podcast series
Our series charting group actions in Australia brings you the latest developments in accessible video and podcast formJoin our leading class action …
The devil is in the detail: Federal Court of Australia rejects insurance claim for ransomware attack
Like all forms of insurance, the cover actually provided by policies which might be thought to cover losses arising from ‘cyber risk’ depends on the …
Penalties for breaches of Australian competition and consumer law set to increase
On 18 August 2022, the Commonwealth Government released draft legislation proposing five-fold increases in the maximum penalties that apply to companies …
When notification and disclosure collide
A claim under a Directors and Officers liability policy for investigation, defence and settlement costs has ended with the New South Wales Supreme …
Australian regulator consults on new operational risk management prudential standard
The Australian Prudential Regulation Authority (APRA) has released its consultation on a new cross-industry prudential standard for operational risk …
Time for reform: Can Australia bring secured transaction law into the digital age?
Reforms to Australian secured transaction law is required to meet the demands of the modern and adaptive digital asset marketplace – but will Australia’s …
Herbert Smith Freehills has advised the Clean Energy Finance Corporation on A$50m investment in the Ellerston 2050 Fund
Herbert Smith Freehills (HSF) has advised the Clean Energy Finance Corporation (CEFC) on its A$50 million equity investment in the Ellerston 2050 Fund …
Australian court rejects insurance declinature, highlighting complexity of non-disclosure issues
A recent decision of the New South Wales Supreme Court1 demonstrates the scepticism with which courts will view insurers who say they would have acted …
First custodial sentences for cartel conduct in Australia
Last week, the first custodial sentences were handed down in relation to contraventions of Australia’s criminal cartel laws, with custodial sentences …
AUSTRALIAN REGULATOR WINS CASE AGAINST FINANCIAL SERVICES LICENSEE FOR INADEQUATE MANAGEMENT OF CYBER RISKS
For the first time in Australia, the Federal Court has found that a failure to adequately manage cybersecurity risks constitutes a breach of general …
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