Global law firm Norton Rose Fulbright has advised Downer EDI Limited subsidiary Spotless on its agreement to sell 70 per cent of its Laundries business to an entity of Australian private equity firm Adamantem Capital.

The Federal Court’s decision in Worley is only the second securities class action to reach judgment in Australia.

In November 2020, the Competition Appeal Court confirmed a firm with less than 5 percent market share (Babelegi) could be dominant for excessive pricing purposes.

Recent changes to the Civil Aviation Safety Regulations 1998 (CASR) and the introduction of a new Part 139 (Aerodromes) Manual of Standards 2019 (new MOS) are currently presenting challenges to small aerodrome operators such as local councils and mining companies as they transition to the new standards for the design, construction, maintenance and operation of certified aerodromes. The changes commenced in August 2020.

Global law firm Norton Rose Fulbright announced today that Stephen Natoli will join as an experienced construction and infrastructure partner in Australia.

The Securities and Futures Commission of Hong Kong has proposed a new regime on licensing for virtual assets trading earlier this month.

Financial services regulators have made clear their view that responsibility for the culture of a financial services firm sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow.

In welcome news for the health, tourism, energy and infrastructure sectors and the continuing response to COVID-19, the Queensland Government Budget was announced on December 1, 2020, to underpin the Government’s additional support to reinvigorating the Queensland economy.

Our shipping team held a virtual coffee session on Thursday 12 November 2020 where Malcolm Hartwell, our master mariner, gave a practical introduction to ships and navigation.

As a part of Norton Rose Fulbright’s commitment to diversity and inclusion, Global Chief Executive Gerry Pecht has joined the Catalyst CEO Champions For Change.

https://www.nortonrosefulbright.com/en-au/news/ac64cdbf/scott-atkins-appointed-as-next-chair-in-australia

Despite a gloomy year, the New South Wales and Victorian Governments are proposing to spend an unprecedented $1.7 billion and up to $1.6 billion respectively to support the energy transition to renewable energy in their States.

Global law firm Norton Rose Fulbright has advised Retail Finance Intelligence Pty Ltd (RFi Group), a global intelligence and media provider that specialises in financial services data, on its majority stake sale to Diversis Capital Partners I LP, a Los Angeles-based private equity fund focused on data and technology investment portfolios.

Until recently, aged care and class actions were not something that were mentioned in the same breath. But the past few weeks has seen the commencement of two class actions and the impending commencement of two more. These class actions are making claims on behalf of not only residents but also their relatives and staff members.

The UK left the EU on January 31, 2020, and is currently in the Brexit Transition Period.

The COVID-19 pandemic has impacted the AGMs of most UK companies held in 2020.

IBOR reform or LIBOR replacement represents one of the biggest changes to the financial services industry and impacts on all businesses that deal with it.

With only a year left on the clock before the retirement of LIBOR rates, the Bank of England estimates over $400 trillion of financial contracts worldwide still reference them.

The Work Health and Safety Bill 2019 (WA) received assent on November 10, 2020 (WHS Act).

Welcome to issue 15 of Norton Rose Fulbright’s International Arbitration Report. In this issue we continue our industry series to focus on the mining and metals sector.